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190 Varick St, New York, NY...

Paul Talbot Of Newmark Secures $60M Loan From Apple Bank At 190 Varick St, New York
FINANCEDOffice

Paul Talbot Of Newmark Secures $60M Loan From Apple Bank At 190 Varick St, New York

190 Varick St, New York, NY, 10014

$60,000,000

Building Size

Asset Type

Office

Closing

May 24, 2022

AI

The office property located at 190 Varick St, New York, NY, 10014, was involved in a recent loan transaction. The loan amount for this asset was $60,000,000.00. The borrower's representative in this deal was Paul Talbot from Newmark. The lender for this transaction was Apple Bank. The property falls under the office asset type and is situated in the New York market.

Summary of transaction details:

Paul Talbot from Newmark served as the borrower's representative in this transaction, while Apple Bank acted as the lender. The deal involving the office property at 190 Varick St in New York was facilitated by these key individuals and companies.

Players

Paul Talbot

Newmark

Broker

$597.6M

vol

17 deals

Broker
Apple Bank
Apple BankLender

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.26%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93