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Sage Realty Corporation Secures $97M Loan For Office Building At 2 Gansevoort Street In Manhattan

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FINANCED
$97,000,000

New York

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Office23,000 SF
Financed 07/17/2018
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Property Image
FINANCED

Sage Realty Corporation Secures $97M Loan For Office Building At 2 Gansevoort Street In Manhattan

320 W 13th St, New York, NY 10014, USA

See Similar Deals
Office23,000 SF
Financed 07/17/2018
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$4,217
Total Square Footage:23,000 SF
Transaction Type:Loan

The office building located at 2 Gansevoort Street in Manhattan has been involved in a closed transaction. The property, owned by the William Kaufman Organization, was sold with the assistance of Sage Realty Corporation as the lender. The transaction amount for the sale of this office building was $97,000,000. The property is situated in a prime location in Manhattan, offering attractive business opportunities for potential tenants.

Summary of transaction details:

  • Property Type: Office Building
  • Transaction Amount: $97,000,000
  • Address: 2 Gansevoort Street, Manhattan, New York
  • Lender: Sage Realty Corporation
  • Landlord: William Kaufman Organization

Jonathan Kaufman Iger, the CEO of Sage Realty, played a crucial role in facilitating this closed transaction. His expertise and guidance contributed to the successful completion of the deal. With its prime location and attractive features, the office building at 2 Gansevoort Street presents an excellent investment opportunity in the Manhattan market.

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Details

FINANCED
IMAGE: Jonathan Kaufman Iger – Sage Realty’s CEO DATE: 07/17/2018 ADDRESS: 2 Gansevoort Street MARKET: Manhattan CITY: New York SSET TYPE: Office Building LENDER: Sage Realty Corporation LANDLORD: William Kaufman Organization LOAN AMOUNT: $97,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$97,000,000.00

Monthly NOI$646,666.67
Monthly Debt Service$613,105.98
Change in Cash Flow$0.00
Refinance Proceeds$0.00