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
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