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30 West 21st Street, New Yo...

Updated Feb 16, 2024

Metropolitan Commercial Bank Provides $36M Loan For Office Building In Flatiron District
FINANCEDOffice

Metropolitan Commercial Bank Provides $36M Loan For Office Building In Flatiron District

30 West 21st Street, New York City, New York 10010, United States

$36,000,000

$592/SF

Building Size

60,798 SF

Asset Type

Office

Closing

May 26, 2022

About this deal

AI

The property involved in this transaction is an office space located at 30 West 21st Street in the Flatiron District. The property spans a total of 60,798 square feet.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $36,000,000
  • Address: 30 West 21st Street
  • Market: Flatiron District
  • Lender: Metropolitan Commercial Bank
  • Landlord: Ezra Mashaal

The lender in this transaction was Metropolitan Commercial Bank. The landlord involved in the deal is Ezra Mashaal.

The office loan at 30 West 21st Street, New York City, New York 10010, United States in New York, New York financed for $36M in 2022. The building is 60,798 square feet, implying about 592 per square foot on the published price. This page is the New York, New York file for the 30 West 21st Street, New York City, New York 10010, 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 30 West 21st Street, New York City, New York 10010, United States around 2022. Published consideration for 30 West 21st Street, New York City, New York 10010, United States is $36M, dated 2022. Cite this Metropolitan Commercial Bank Provides $36M Loan For Office Building In Flatiron District loan when underwriting similar office product around New York, New York.

Players

Metropolitan Commercial Bank
Metropolitan Commercial BankLender

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $592 per square foot on a published $36M for 60,798 square feet (2022).

Browse New York office loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.44%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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