Silverstein Properties Refinances Downtown Manhattan Office Building For $457.5M
250 Greenwich Street, New York City, New York 10007, United States
$457,500,000
Building Size
—
Asset Type
Office
Closing
Apr 7, 2022
AI
Tal Kerret, Roger Silverstein, Larry Silverstein, Lisa Silverstein, Marty Burger, and Cory Silverstein were pictured in a post on Instagram announcing a loan transaction. The loan was used for the property located at 250 Greenwich Street in Downtown Manhattan. The asset type for this property is an office.
Summary of transaction details
- Property Type: Office
- Date: 04/08/2022
- Address: 250 Greenwich Street
- Market: Downtown Manhattan
- Loan Amount: $457,500,000
- Loan Type: Refinance
The landlord for this property is Larry Silverstein from Silverstein Properties. The loan was provided as a refinance for an amount of $457,500,000.
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
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93