Goldman Sachs Provides $71M Refinance Loan For Mott Haven Office Building
FINANCED
$71,000,000
+ 1
New York
See Similar DealsOffice186,000 SF
Financed 03/25/2022
FINANCED
Goldman Sachs Provides $71M Refinance Loan For Mott Haven Office Building
2417 3rd Avenue, The Bronx, New York 10029, United States
See Similar DealsOffice186,000 SF
Financed 03/25/2022
+ 1
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$381
Total Square Footage:186,000 SF
Transaction Type:Loan
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
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$71,000,000.00
Monthly NOI$473,333.33
Monthly Debt Service$448,768.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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