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220 West 42nd Street, New Y...

Bank Hapoalim Provides $60M Loan For Office Building In Times Square, Manhattan
FINANCEDOffice

Bank Hapoalim Provides $60M Loan For Office Building In Times Square, Manhattan

220 West 42nd Street, New York City, New York 10036, United States

$60,000,000

$255/SF

Building Size

235,300 SF

Asset Type

Office

Closing

Sep 8, 2022

AI

Located at 220 West 42nd Street in Times Square, Manhattan, this office property spans a total of 235,300 square feet. The transaction involving this property took place on 09/09/2022, as depicted in the provided image by Issac Hera.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $60,000,000
  • Address: 220 West 42nd Street, Times Square, Manhattan
  • Market: Times Square, Manhattan
  • Image: Issac Hera
  • Date: 09/09/2022
  • Asset Type: Office
  • Square Footage: 235,300

Bank Hapoalim provided a loan amount of $60,000,000 for this transaction. The landlord of the property is Yellowstone Real Estate Investments, represented by Issac Hera.

Players

YI
Yellowstone Real Estate InvestmentsLender

Isaac Hera

Yellowstone Real Estate Investments

Landlord

$396.1M

vol

3 deals

Landlord

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

0.26%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93