Leviathan Capital Arranges $14.6M Loan For Office Building At 420 Madison Avenue, Midtown
FINANCED
$14,600,000
New York
See Similar DealsOffice493,310 SF
Financed 02/19/2020
FINANCED
Leviathan Capital Arranges $14.6M Loan For Office Building At 420 Madison Avenue, Midtown
420 Madison Ave, New York, NY 10017, USA
See Similar DealsOffice493,310 SF
Financed 02/19/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$29
Total Square Footage:493,310 SF
Transaction Type:Loan
The office property located at 420 Madison Avenue in Midtown has been involved in a closed transaction. The property spans across 49,331 square feet and has been financed by TD Bank with a loan amount of $14,600,000. The loan terms include a fixed interest rate of 3.125% for 5 years, with a 30-year amortization. Chun Ka Luk is the landlord of the property.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $14,600,000
- SF: 49,331
- Lender: TD Bank
- Landlord: Chun Ka Luk
- Broker: Joe Hach & Ricky Aryeh @LeviathanCapital
The deal's key individuals involved in this transaction are Joe Hach and Ricky Aryeh from Leviathan Capital, who represent the buyer or seller in this deal. They have played a crucial role in facilitating the transaction for the office property located at 420 Madison Avenue in Midtown.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,600,000.00
Monthly NOI$97,333.33
Monthly Debt Service$92,281.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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