Apple Bank For Savings Provides $35M Loan For Office Building At 330 Fifth Avenue In Penn Station
330 5th Avenue, New York City, New York 10118, United States
$35,000,000
$195/SF
Building Size
179,472 SF
Asset Type
Office
Closing
Jun 12, 2022
About this deal
AI
330 Fifth Avenue, located in the Penn Station market, has recently undergone a closed transaction. The property is an office building with a total area of 179,472 square feet. The transaction date was on June 13, 2022. The property was financed through a loan from Apple Bank For Savings, with a loan amount of $35,000,000. The landlord of the property is Shulsky Properties.
Summary of transation details
- Property Type: Office
- Transaction Amount: $35,000,000
- Address: 330 Fifth Avenue
- Market: Penn Station
- Loan Lender: Apple Bank For Savings
- Landlord: Shulsky Properties
The financing for this transaction was provided by Apple Bank For Savings. Shulsky Properties served as the landlord in this deal.
On the Map
$35,000,000
$195/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93