JPMorgan Chase Provides $200M Loan For Office Building At 4 Times Square In Times Square
4 Times Square, New York City, New York 10036, United States
$200,000,000
$121/SF
Building Size
1,642,675 SF
Asset Type
Office
Closing
Sep 21, 2022
About this deal
AI
The property involved in this closed transaction is an office space located at 4 Times Square (1472 Broadway) in Times Square. The office has a total square footage of 1,642,675. The transaction took place on September 22, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $200,000,000
- Market: Times Square
- Lender: JPMorgan Chase
- Landlord: The Durst Organization
The lender for this transaction was JPMorgan Chase, while The Durst Organization acted as the landlord. The loan amount provided for this transaction was $200,000,000.
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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93