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
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