Carlyle Group & King Street Properties Refinances Office Building In Long Island City For $113.9M
FINANCED
$113,962,792
New York
See Similar DealsOffice203,103 SF
Financed 02/10/2023
FINANCED
Carlyle Group & King Street Properties Refinances Office Building In Long Island City For $113.9M
45-18 Court Square
See Similar DealsOffice203,103 SF
Financed 02/10/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$561
Total Square Footage:203,103 SF
Transaction Type:Loan
An office property located at 45-18 Court Square in Long Island City has recently undergone a refinancing transaction. The property spans over 203,103 square feet and is situated in the vibrant market of Long Island City.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $113,962,792
- Address: 45-18 Court Square
- Market: Long Island City
- Lender: ACORE Capital - Emily Marcus Ralda
- Landlord: Carlyle Group & King Street Properties - Thomas Ragno
ACORE Capital, represented by Emily Marcus Ralda, provided the refinancing loan of $113,962,792 for the office property at 45-18 Court Square. The property is owned by Carlyle Group and King Street Properties, with Thomas Ragno serving as their representative in this transaction.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$113,962,792.00
Monthly NOI$759,751.95
Monthly Debt Service$720,322.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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