AIG Provides $45M Refinance Loan For 45 Irving Place Office In Gramercy
45 Irving Place, Manhattan, New York, NY, USA
$45,000,000
$156/SF
Building Size
288,402 SF
Asset Type
Office
Closing
Jun 4, 2021
AI
The property involved in this closed transaction is an office space located at 45 Irving Place in the Gramercy market. The office spans across a total area of 288,402 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $45,000,000
- Address: 45 Irving Place
- Market: Gramercy
- Lender: Peter Zaffino - AIG
- Landlord: Gould Investors
In this transaction, Peter Zaffino from AIG acted as the lender, providing a loan amount of $45,000,000 for the property. The loan type for this transaction was a refinance. The landlord involved in this deal is Gould Investors.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93