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Feil Organization Refinances 257 Park Avenue South Office Building With Goldman Sachs Loan Of $51.5M
FINANCED
$51,500,000
New York
See Similar DealsOffice189,547 SF
Financed 02/27/2025
FINANCED
Feil Organization Refinances 257 Park Avenue South Office Building With Goldman Sachs Loan Of $51.5M
257 Park Avenue South
See Similar DealsOffice189,547 SF
Financed 02/27/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$271
Total Square Footage:189,547 SF
Transaction Type:Loan
The asset involved in this transaction is an office building located at 257 Park Avenue South in the Flatiron District of Manhattan. The property has a total square footage of 189,547. The refinancing loan amount is $51,500,000, which replaced a previous loan of $50,000,000 from JPMorgan Chase.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $51,500,000
- Lender: Goldman Sachs
- Landlord: Jeffrey J. Feil - Feil Organization
- Previous Loan: $50,000,000 from JPMorgan Chase
The deal involves Jeffrey J. Feil representing the Feil Organization, which is the landlord of the property. Goldman Sachs provided the refinancing loan for this office asset, indicating their involvement in the financing of the Feil Organization's property portfolio.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$51,500,000.00
Monthly NOI$343,333.33
Monthly Debt Service$325,515.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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