Goldman Sachs, Deutsche Bank & Citibank Provide $1.17B Refinance Loan For Manhattan Office Properties
229 West 43rd Street, New York City, New York 10036, United States
$1,170,000,000
Building Size
—
Asset Type
Office
Closing
Mar 29, 2022
About this deal
AI
The property involved in this transaction is located at 229 West 43rd Street, 245 West 17th Street, 249 West 17th Street, 315 Park Avenue South, and 147 Madison Avenue in Manhattan. The asset type is an office building.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,170,000,000
- Market: Manhattan
- Lender: Goldman Sachs, Deutsche Bank, and citibank''>Citibank
- Landlord: PIMCO
- Loan Type: Refinance
Goldman Sachs, Deutsche Bank, and Citibank provided the loan for this transaction, amounting to $1,170,000,000. The loan type is a refinance. PIMCO is the landlord of the property.
On the Map
$1,170,000,000
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.01%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93