Brookfield Real Estate Financial Partners Provides $70M Loan For Financial District Office At 160 Water St
160 Water Street, Manhattan, New York, NY, USA
$70,000,000
$145/SF
Building Size
481,858 SF
Asset Type
Office
Closing
May 23, 2021
About this deal
AI
Located in the Financial District, the property at 160 Water Street recently underwent a closed transaction. This office space spans approximately 481,858 square feet and was involved in a deal that took place on May 24, 2021. The transaction involved a loan amount of $70,000,000. The lender in this deal was Brookfield Real Estate Financial Partners, while the landlord was Vanbarton Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $70,000,000
- Address: 160 Water Street
- Market: Financial District
Notable individuals involved in this transaction include Richard Coles, Brian Kingston, and Gary Tischler. They played key roles in facilitating the deal on behalf of the parties involved. Richard Coles, Brian Kingston, and Gary Tischler are representatives from their respective agencies.
Players
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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93