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Longfellow Real Estate Partners Secures $155M Acquisition Loan For Office Property In Long Island City. Lender: Square Mile Capital - Craig Solomon

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FINANCED
$155,000,000
Lauren Kaufman
Gideon Gil
Adam Sichol

New York

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Office200,000 SF
Financed 12/21/2021
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FINANCED

Longfellow Real Estate Partners Secures $155M Acquisition Loan For Office Property In Long Island City. Lender: Square Mile Capital - Craig Solomon

43-10 23rd Street, Long Island City, NY 11101

See Similar Deals
Office200,000 SF
Financed 12/21/2021
Lauren Kaufman
Gideon Gil
Adam Sichol
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$775
Total Square Footage:200,000 SF
Transaction Type:Loan

The property involved in this closed transaction is an office located at 43-10 23rd St., Long Island City. It has a total area of 200,000 square feet. The transaction took place on 12/21/2021.

Summary of transaction details:

The lender for this transaction was Square Mile Capital represented by Craig Solomon. The landlord involved in the deal was Longfellow Real Estate Partners, represented by Adam Sichol. The brokers facilitating the transaction were Gideon Gil and Lauren Kaufman from Cushman & Wakefield.

Players

Lauren Kaufman
JLL
Lauren Kaufman
35 deals$5.4B volume(312) 470-1800
BROKER
Gideon Gil
Cushman & Wakefield
Gideon Gil
48 deals$11.1B volume
BROKER
Square Mile Capital
Square Mile Capital
LENDER
Adam Sichol
Adam Sichol
4 deals$541.6M volume
LANDLORD

Details

FINANCED
IMAGE: Gideon Gil, Craig Solomon, Adam Sichol & Lauren Kaufman DATE: 12/21/2021 ADDRESS: 43-10 23rd St. MARKET: Long Island City ASSET TYPE: Office ~ SF: 200,000 LENDER: Square Mile Capital - Craig Solomon LANDLORD: Longfellow Real Estate Partners - Adam Sichol BROKERS: Gideon Gil & Lauren Kaufman - Cushman & Wakefield LOAN AMOUNT: $155,000,000 LOAN TYPE: Acquisition loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$155,000,000.00

Monthly NOI$1,033,333.33
Monthly Debt Service$979,705.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00