JP Morgan Provides $26M Refinance Loan For Office Property At 220 5th Avenue In Manhattan - Kathy Anderson & Caillin Boles Broker The Deal - Dino Tomassetti Of Asset Realty & Construction Group Is The Landlord
FINANCED
$26,000,000
New York
See Similar DealsOffice158,644 SF
Financed 08/30/2023
FINANCED
JP Morgan Provides $26M Refinance Loan For Office Property At 220 5th Avenue In Manhattan - Kathy Anderson & Caillin Boles Broker The Deal - Dino Tomassetti Of Asset Realty & Construction Group Is The Landlord
220 5th Avenue
See Similar DealsOffice158,644 SF
Financed 08/30/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$163
Total Square Footage:158,644 SF
Transaction Type:Loan
Summary of transaction details
- Property Type: Office
- Transaction Amount: $26,000,000
- Date: 08/30/2023
- Address: 220 5th Avenue
- Market: Manhattan
- Asset Type: Office
- Square Footage: 158,644
- Lender: JP Morgan
- Landlord: Dino Tomassetti - Asset Realty & Construction Group
- Brokers: Kathy Anderson & Caillin Boles - Progress Capital
- Loan Type: Refinance
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$26,000,000.00
Monthly NOI$173,333.33
Monthly Debt Service$164,337.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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