JP Morgan Chase Provides $125M Loan For Solow Building Co.'s Plaza District Office
4 W 58th St, New York, NY 10019, USA
$125,000,000
$2,049/SF
Building Size
61,000 SF
Asset Type
Office
Closing
Feb 27, 2020
About this deal
AI
A closed property transaction took place at 4 West 58th Street in the Plaza District. The property is an office space spanning 61,000 square feet. The deal involved a loan from JPMorgan Chase Bank amounting to $125,000,000. The landlord of the property is Solow Building Co.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $125,000,000
- Address: 4 West 58th Street
- Market: Plaza District
The key individuals involved in this transaction include Sheldon Solow, Jamie Dimon, and Stefan Soloviev. Sheldon Solow is the representative of Solow Building Co. and Jamie Dimon represents JPMorgan Chase Bank as the lender.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Browse New York office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93