JPMorgan Chase Bank Provides $45M Loan For Office Building At 20 East 71st Street
20 E 71st St, New York, NY 10021, USA
$45,000,000
$2,118/SF
Building Size
21,239 SF
Asset Type
Office
Closing
Jul 7, 2020
About this deal
AI
The property involved in this closed transaction is an office located at 20 East 71st Street in Lenox Hill. The asset has a total square footage of 45,190, with 21,239 square feet of rentable space. The deal was completed on 07/08/2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $45,000,000
- Address: 20 East 71st Street
- Market: Lenox Hill
JPMorgan Chase Bank provided the loan for this transaction, with a total loan amount of $45,000,000. The landlord of the property is Sheik Hamad bin Jassim bin Jaber Al-Thani.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93