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Michael T. Cohen Of Williams Equities Secures $15M Refinance Loan For 38 East 32nd Street
FINANCED
$15,000,000
New York
See Similar DealsOffice88,000 SF
Financed 12/03/2025
FINANCED
Michael T. Cohen Of Williams Equities Secures $15M Refinance Loan For 38 East 32nd Street
38 East 32nd Street
See Similar DealsOffice88,000 SF
Financed 12/03/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$170
Total Square Footage:88,000 SF
Transaction Type:Loan
38 East 32nd Street is an office building located in the Park Avenue South market of Manhattan, featuring a total square footage of 88,000. The property has undergone a refinancing transaction with a loan amount of $15,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,000,000
- Lender: Citibank
- Landlord: Michael T. Cohen - Williams Equities
- Loan Type: Refinance
This transaction marks a significant financial maneuver by Williams Equities, which has opted to replace prior debt from John Hancock through this refinancing deal with Citibank.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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