Signature Bank Provides $82M Refinance Loan For Office Building At 250 West 54th Street In Midtown West
250 East 54th Street, New York City, New York 10022, United States
$82,000,000
$609/SF
Building Size
134,441 SF
Asset Type
Office
Closing
Mar 29, 2022
About this deal
AI
An office property located at 250 West 54th Street in Midtown West has undergone a loan refinancing transaction. The property spans approximately 134,441 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $82,000,000
- Address: 250 West 54th Street
- Market: Midtown West
The loan for the property was provided by Signature Bank. The landlord for this property is Zar Property NY.
The office loan at 250 East 54th Street, New York City, New York 10022, United States in New York, New York financed for $82M in 2022. The building is 134,441 square feet, implying about 609 per square foot on the published price. Zar Property NY appears on the loan alongside Zar Property NY. This page is the New York, New York file for the 250 East 54th Street, New York City, New York 10022, United States office financed: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else financed near 250 East 54th Street, New York City, New York 10022, United States around 2022. Published consideration for 250 East 54th Street, New York City, New York 10022, United States is $82M, dated 2022. Cite this Signature Bank Provides $82M Refinance Loan For Office Building At 250 West 54th Street In Midtown West loan when underwriting similar office product around New York, New York.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Zar Property NY to view all their deals.
Browse New York office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93