Shanghai Commercial Bank Refinances Office Property In Little Italy, Manhattan For $22.5M
202 Centre Street, New York City, New York 10013, United States
$22,500,000
$576/SF
Building Size
39,000 SF
Asset Type
Office
Closing
Aug 18, 2022
About this deal
AI
The property involved in this transaction is an office located at 202 Centre Street in Little Italy, Manhattan. The office spans approximately 39,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $22,500,000
- Market: Little Italy, Manhattan
The lender in this transaction is Shanghai Commercial Bank, represented by Timothy Chan and Nim Chi Lau. The landlord is Lam Group, represented by Kin Chung Lam.
This refinance loan was secured on August 19, 2022.
The office loan at 202 Centre Street, New York City, New York 10013, United States in New York, New York financed for $22.5M in 2022. The building is 39,000 square feet, implying about 576 per square foot on the published price. This page is the New York, New York file for the 202 Centre Street, New York City, New York 10013, United States office financed: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else financed near 202 Centre Street, New York City, New York 10013, United States around 2022. Published consideration for 202 Centre Street, New York City, New York 10013, United States is $22.5M, dated 2022. Cite this Shanghai Commercial Bank Refinances Office Property In Little Italy, Manhattan For $22.5M loan when underwriting similar office product around New York, New York.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Browse New York office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93