Deutsche Bank Provides $75M Loan For Office Property In Long Island City
47-11 Austell Place, Long Island City, NY, USA
$75,000,000
$543/SF
Building Size
138,000 SF
Asset Type
Office
Closing
Dec 6, 2018
About this deal
AI
The recently closed property transaction in Long Island City involved an office asset located at 47-11 Austell Place. The property spans approximately 138,000 square feet, and it was the subject of a loan. The loan amount secured for this transaction was $75,000,000. Deutsche Bank provided the loan for this deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $75,000,000
- Address: 47-11 Austell Place
- Market: Long Island City
- Lender: Deutsche Bank
Jordan Roeschlaub and Dustin Stolly from NewmarkKF represented the parties involved in this transaction as brokers.
On the Map
$75,000,000
$543/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Dustin Stolly to view all their deals.
Browse New York office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93