Sedesco Secures $38 Million Loan From Interaudi Bank For Office Building In Midtown East
34 East 51st Street
$38,000,000
$510/SF
Building Size
74,455 SF
Asset Type
Office
Closing
Oct 26, 2026
About this deal
AI
An office building located at 34 East 51st Street in Midtown East, Manhattan, comprises 74,455 square feet. The property has been refinanced through a loan arrangement, highlighting its financial activity within the competitive office market of Midtown East.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $38,000,000
- Lender: Interaudi Bank
- Landlord: Sedesco
Sedesco has successfully secured a refinancing agreement with Interaudi Bank, marking a significant transaction in the office sector. The deal reflects the landlord's strategic financial management concerning their asset at this particular address.
On the Map
$38,000,000
$510/SF
Office
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Players
Eastside 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93