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Goldman Sachs Barclays And Morgan Stanley Provide $167 Million Refinance Loan For Office At 32 Old Slip

Property Image
FINANCED
$167,000,000

New York

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Office1,170,997 SF
Financed 05/04/2025
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Property Image
FINANCED

Goldman Sachs Barclays And Morgan Stanley Provide $167 Million Refinance Loan For Office At 32 Old Slip

32 Old Slip

See Similar Deals
Office1,170,997 SF
Financed 05/04/2025
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$142
Total Square Footage:1,170,997 SF
Transaction Type:Loan

The asset involved in this transaction is an office property located at 32 Old Slip in the Financial District, with a total square footage of 1,170,997. The loan amount secured for refinancing is $167,000,000.

Summary of transaction details:

Key individuals involved in the transaction include representatives from the lending institutions, namely Goldman Sachs, Barclays, and Morgan Stanley, contributing to the refinancing deal. The landlords, Safehold and Melohn Capital, are represented by Jordan Roeschlaub, Daniel Fromm, and John Caraviello from the brokerage firm Newmark.

Players

Daniel Fromm
82 deals$5.3B volume
BROKER

Jordan (Jordy) Roeschlaub
Newmark
322 deals$96.3B volume
BROKER

John Caraviello
Newmark
22 deals$10.8B volume
BROKER

Barclays Bank
LENDER


Details

FINANCED
IMAGE: Jordan Roeschlaub, David Solomon, Daniel Fromm, Jay Sugarman & John Caraviello DATE: 5/5/2025 ADDRESS: 32 Old Slip MARKET: Financial District ASSET TYPE: Office ~ SF: 1,170,997 LENDER: Goldman Sachs (@GoldmanSachs), Barclays (@BarclaysBankUS) & Morgan Stanley (@Morgan.Stanley) LANDLORD: Safehold & Melohn Capital LANDLORD'S REP: Jordan Roeschlaub (@JordyRoeschlaub), Daniel Fromm (@Ddwb) & John Caraviello (@JonnyCarvs) - Newmark (@Newmark) LOAN AMOUNT: $167,000,000 LOAN TYPE: Refinance ,Barclays,MorganStanley

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$167,000,000.00

Monthly NOI$1,113,333.33
Monthly Debt Service$1,055,553.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00