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229 West 43rd Street, New Y...

Goldman Sachs, Deutsche Bank & Citibank Provide $1.17B Refinance Loan For Manhattan Office Properties
FINANCEDOffice

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

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.

Players

Goldman Sachs
Goldman SachsLender
Citibank
CitibankLender

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

0.01%

Cash-on-Cash

-0.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93