RPW Group Acquires Office Building In Manhattan For $210M
275 Madison Ave, New York, NY 10016, USA & 275 Madison Ave, New York, NY 10016, USA
$210,000,000
$340/SF
Building Size
336,000 SF
Asset Type
Office
Closing
Jul 10, 2018
About this deal
AI
RPW Group, the developer behind the property at 275 Madison Avenue in Manhattan, has secured a loan amount of $210,000,000 for the office asset. The lender, Ulico, provided the funding for this transaction, which took place on July 10th, 2018.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $210,000,000
- Developer: RPW Group
- Lender: Ulico
- Date: July 10th, 2018
- Address: 275 Madison Avenue
- Market: Manhattan
The property at 275 Madison Avenue was developed by RPW Group, and the loan amount of $210,000,000 was provided by Ulico. This funding will contribute to the continued growth and success of the office asset in Manhattan.
On the Map
$210,000,000
$340/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93