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
About this deal
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.
On the Map
$60,000,000
$255/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Isaac Hera to view all their deals.
Browse New York office loans on Traded.
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