FINANCEDOffice
Signature Bank Provides $62M Refinancing Loan For Office Building In Midtown West
22 West 48th Street, New York City, New York 10036, United States
$62,000,000
$769/SF
Building Size
80,604 SF
Asset Type
Office
Closing
Jun 30, 2022
AI
No summary available.
Players
Signature BankLender
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93