Sun Life Provides $15M Loan For Office Building Acquisition At 45 West 34th Street In Herald Square
FINANCED
$15,000,000
New York
See Similar DealsOffice114,000 SF
Financed 03/31/2020
FINANCED
Sun Life Provides $15M Loan For Office Building Acquisition At 45 West 34th Street In Herald Square
45 W 34th St, New York, NY 10001, USA
See Similar DealsOffice114,000 SF
Financed 03/31/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$131
Total Square Footage:114,000 SF
Transaction Type:Loan
The office property located at 45 West 34th Street in Herald Square has recently undergone a closed transaction. The property spans 114,000 square feet and was involved in a deal that included various parties.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $15,000,000
The lender for this transaction was Sun Life, and the landlords involved were GFP Real Estate, HSP Real Estate Group, Okada & Co. The deal was facilitated with the assistance of Paul Talbott from Newmark Knight Frank acting as the broker representative.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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