Wells Fargo Refinances $50M Loan For Janus Property Company's Office In Harlem
450 West 126th Street, New York City, New York 10027, United States
$50,000,000
$191/SF
Building Size
260,965 SF
Asset Type
Office
Closing
Aug 7, 2022
About this deal
AI
An office building located at 450 West 126th Street in Harlem was involved in a recent loan transaction. The property, spanning 260,965 square feet, was the subject of a refinancing deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $50,000,000
- Address: 450 West 126th Street
- Market: Harlem
Wells Fargo served as the lender in this refinance transaction. The landlord of the property, Janus Property Company, led by Jerry J. Salama, represented the property owner in the deal.
Please note that no further details were provided regarding the involvement of other parties in this transaction.
On the Map
$50,000,000
$191/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93