Namdar Realty Group Secures $24.3 Million Acquisition Loan From Symetra Life Insurance Company
FINANCED
$24,300,000
New York
See Similar DealsOffice246,343 SF
Financed 09/01/2024
FINANCED
Namdar Realty Group Secures $24.3 Million Acquisition Loan From Symetra Life Insurance Company
321 West 44th Street
See Similar DealsOffice246,343 SF
Financed 09/01/2024
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$98
Total Square Footage:246,343 SF
Transaction Type:Loan
The property asset involved in this transaction is located at 321 West 44th Street, situated in the Hell's Kitchen market of Manhattan. This office asset spans a total square footage of 246,343 and has an acquisition loan amounting to $24,300,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $24,300,000
- Lender: Symetra Life Insurance Company
- Landlord: Namdar Realty Group
- Broker: Chase Johnson - Cushman & Wakefield
- Loan Type: Acquisition
The key individuals and companies involved include Chase Johnson, representing Cushman & Wakefield as the broker for this acquisition. The lender for this transaction is Symetra Life Insurance Company, and the landlord is Namdar Realty Group.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,300,000.00
Monthly NOI$162,000.00
Monthly Debt Service$153,592.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions