JPMorgan Chase Bank Provides $220M Loan For Office Condo At 375 Pearl Street In City Hall
375 Pearl Street, Manhattan, NY, Manhattan, New York 10038, USA
$220,000,000
$525/SF
Building Size
418,995 SF
Asset Type
Office
Closing
May 18, 2020
About this deal
AI
375 Pearl Street, a 418,995-square-foot office condo located in the City Hall market, was recently involved in a transaction.
Summary of transaction details:
- Property Type: Office Condo
- Transaction Amount: $220,000,000
- Loan: JPMorgan Chase Bank provided a loan for the transaction.
- Landlord: Sabey Corporation
- Broker: Eastdil Secured
Jamie Dimon, CEO of JPMorgan Chase Bank, and Dave Sabey, representative from Sabey Corporation, were key individuals involved in the deal.
The office loan at 375 Pearl Street, Manhattan, NY, Manhattan, New York 10038, USA in New York, New York financed for $220M in 2020. The building is 418,995 square feet, implying about 525 per square foot on the published price. This page is the New York, New York file for the 375 Pearl Street, Manhattan, NY, Manhattan, New York 10038, USA office financed: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else financed near 375 Pearl Street, Manhattan, NY, Manhattan, New York 10038, USA around 2020. Published consideration for 375 Pearl Street, Manhattan, NY, Manhattan, New York 10038, USA is $220M, dated 2020. Cite this JPMorgan Chase Bank Provides $220M Loan For Office Condo At 375 Pearl Street In City Hall loan when underwriting similar office product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93