Apple Bank For Savings Provides $35M Loan For Office Building At 330 Fifth Avenue In Penn Station
FINANCED
$35,000,000
New York
See Similar DealsOffice179,472 SF
Financed 06/13/2022
FINANCED
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
See Similar DealsOffice179,472 SF
Financed 06/13/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$195
Total Square Footage:179,472 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$35,000,000.00
Monthly NOI$233,333.33
Monthly Debt Service$221,223.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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