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250 East 54th Street, New Y...

Updated Dec 2, 2024

Signature Bank Provides $82M Refinance Loan For Office Building At 250 West 54th Street In Midtown West
FINANCEDOffice

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

Zar Property NY
Zar Property NYBrokerage
Signature Bank
Signature BankLender
Zar Property NY
Zar Property NYLandlord

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $609 per square foot on a published $82M for 134,441 square feet (2022).

Visit Zar Property NY to view all their deals.

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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

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