JP Morgan Refinances Office Building At 452 5th Ave In Midtown Manhattan For $385M
FINANCED
$385,000,000
+ 1
New York
See Similar DealsOffice860,000 SF
Financed 07/08/2022
FINANCED
JP Morgan Refinances Office Building At 452 5th Ave In Midtown Manhattan For $385M
452 5th Avenue, New York City, New York 10011, United States
See Similar DealsOffice860,000 SF
Financed 07/08/2022
+ 1
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$447
Total Square Footage:860,000 SF
Transaction Type:Loan
452 5th Ave is an office property located in Midtown. The property has a total area of 860,000 square feet. The transaction took place on July 8, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $385,000,000
- Address: 452 5th Ave
- Market: Midtown
- Lender: JP Morgan - Aaron Casden
- Landlord: Property & Building Corp USA
- Brokers: Aaron Appel, Jonathan Schwartz, Keith Kurland, and Adam Schwartz - Walker & Dunlop
The loan was provided by JP Morgan, with Aaron Casden representing the lender. The transaction involved the refinance of the property. Other key individuals and companies involved in the deal include brokers Aaron Appel, Jonathan Schwartz, Keith Kurland, and Adam Schwartz from Walker & Dunlop.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$385,000,000.00
Monthly NOI$2,566,666.67
Monthly Debt Service$2,433,461.89
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions