Taconic Investment Partners Secures $181M LoanCore Capital Loan For Office Asset On Upper West Side
320 W 66th St, New York, NY 10023, USA
$181,000,000
$1,828/SF
Building Size
99,015 SF
Asset Type
Office
Closing
Oct 31, 2019
AI
The office building located at 320 West 66th Street in the Upper West Side has been involved in a closed transaction. The property, owned by Taconic Investment Partners, attracted a loan from LoanCore Capital in the amount of $181,000,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $181,000,000
- Lender: LoanCore Capital
- Landlord: Taconic Investment Partners
Charles Bendit, Paul Parise, and Mark Finerman oversaw the deal as notable individuals. They represented their respective agencies in the transaction.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93