Bank Of Hope Provides $8M Loan For Office Property In Grand Central
4 East 46th Street, New York City, New York 10017, United States
$8,000,000
$539/SF
Building Size
14,835 SF
Asset Type
Office
Closing
Jul 28, 2022
About this deal
AI
The property asset involved in this transaction is an office space located at 4 East 46th Street in the Grand Central market. The office space has a total area of 14,835 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,000,000
- Address: 4 East 46th Street
- Market: Grand Central
- Lender: Bank of Hope
- Landlord: APSEC Holdings - James Kim
The lender involved in this transaction is Bank of Hope, providing a loan amount of $8,000,000. The landlord of the office space is APSEC Holdings, represented by James Kim.
Players
New York 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93