Morgan Stanley Provides $8.25 Million Refinance Loan For Midtown Office At 25 West 36th Street
25 West 36th Street
$8,250,000
$211/SF
Building Size
39,000 SF
Asset Type
Office
Closing
Feb 4, 2025
About this deal
AI
The property asset involved is located at 25 West 36th Street in Midtown, featuring an office space with a total square footage of 39,000. The loan amount for this transaction is $8,250,000 and it represents a refinance. The lender for this loan is Morgan Stanley.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,250,000
- Address: 25 West 36th Street
- Market: Midtown
- Asset Size: 39,000 SF
- Lender: Morgan Stanley
- Brokers: David Hayum & Michael Farkovits - Meridian Capital Group
- Loan Type: Refinance
Key individuals involved in this deal include David Hayum and Michael Farkovits, who represent Meridian Capital Group. They played a crucial role in facilitating the refinance with Morgan Stanleyfor the office property located at 25 West 36th Street.
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
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93