JPMorgan Chase Provides $705M Loan For Hudson Yards Office Building
410 10th Avenue, New York, NY 10001, USA
$705,000,000
$1,108/SF
Building Size
636,000 SF
Asset Type
Office
Closing
Dec 17, 2020
About this deal
AI
The property involved in this closed transaction is an office located at 410 10th Avenue in the Hudson Yards market. The asset spans across 636,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $705,000,000
- Date: 12/18/2020
- Lender: JPMorgan Chase
- Landlord: 601W Companies
- Broker: Meridian Capital Group
The seven-year, fixed-rate loan for this property was provided by JPMorgan Chase. 601W Companies serves as the landlord, and Meridian Capital Group acted as the broker in the transaction.
It is worth noting that the anchor tenant for this office space is Amazon.
On the Map
$705,000,000
$1,108/SF
Office
View full map
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
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93