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200 Water St, New York, NY,...

Equitable Financial Life Insurance Provides $230M Loan For Office At 200 Water St, New York
FINANCEDOffice

Equitable Financial Life Insurance Provides $230M Loan For Office At 200 Water St, New York

200 Water St, New York, NY, 10038

$230,000,000

Building Size

Asset Type

Office

Closing

Aug 18, 2022

AI

The property asset involved in the transaction is located at 200 Water St, New York, NY, 10038. It is classified as an office asset. The transaction involved a loan amount of $230,000,000.00.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $230,000,000.00
  • Market: New York
  • Borrower's Representative: Andrew Singer-Avison Young
  • Lender:Equitable Financial Life Insurance

The individuals and companies involved in the deal include Andrew Singer who represented the borrower, and Equitable Financial Life Insurance as the lender in this transaction. They played key roles in facilitating the loan agreement for the office asset.

Players

Andrew Singer

Avison Young

Broker

$876.3M

vol

4 deals

Broker
 Equitable Financial Life Insurance
Equitable Financial Life InsuranceLender

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

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93