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
About this deal
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.
On the Map
$71,000,000
$381/SF
Office
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Players
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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