Premier Equities & Angelo Gordon Acquires Office On Upper West Side For $35M With Ladder Capital Loan
FINANCED
$35,000,000
New York
See Similar DealsOffice31,271 SF
Financed 10/29/2021
FINANCED
Premier Equities & Angelo Gordon Acquires Office On Upper West Side For $35M With Ladder Capital Loan
2875 Broadway, Upper West Side, New York, NY, USA
See Similar DealsOffice31,271 SF
Financed 10/29/2021
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$1,119
Total Square Footage:31,271 SF
Transaction Type:Loan
The property involved in this transaction is an office located at 2875 Broadway in the Upper West Side market. The office spans a total of 31,271 square feet.
Summary of transation details
- Property Type: Office
- Transaction Amount: $35,000,000
- Date: 10/29/2021
- Address: 2875 Broadway
- Market: Upper West Side
- Lender: Ladder Capital
- Landlord: Uzi Ben Abraham & Yaron Jacobi - Premier Equities & Angelo Gordon
- Brokers: Cary Pollack & Judah Neuman - Meridian Capital Group
The loan in this transaction is an acquisition loan provided by Ladder Capital. The property's landlords are Uzi Ben Abraham and Yaron Jacobi of Premier Equities and Angelo Gordon. The brokers involved in the deal are Cary Pollack and Judah Neuman of Meridian Capital Group.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$35,000,000.00
Monthly NOI$233,333.33
Monthly Debt Service$221,223.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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