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2417 3rd Avenue, The Bronx,...

Goldman Sachs Provides $71M Refinance Loan For Mott Haven Office Building
FINANCEDOffice

Goldman Sachs Provides $71M Refinance Loan For Mott Haven Office Building

2417 3rd Avenue, The Bronx, New York 10029, United States

$71,000,000

$381/SF

Building Size

186,000 SF

Asset Type

Office

Closing

Mar 24, 2022

AI

An office building located at 2417 3rd Ave in the Mott Haven neighborhood of Bronx has been involved in a recent loan transaction. The property, spanning 186,000 square feet, was the subject of a refinancing deal.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $71,000,000
  • Address: 2417 3rd Ave
  • Market: Mott Haven, Bronx

The loan for this transaction was provided by Goldman Sachs. The landlord of the property is ZG Capital Partners, represented by Bobby Zar. The brokers involved in the deal were Dustin Stolly, Jordan Roeschlaub, and Daniel Fromm, all from Newmark.

Players

Dustin Stolly

Walker & Dunlop

Broker

$49.4B

vol

267 deals

Broker
Goldman Sachs
Goldman SachsLender
Bobby Zar

Bobby Zar

ZG Capital

Landlord

$274.5M

vol

7 deals

Landlord
Capital Partners
Capital PartnersLandlord

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

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93