FINANCEDOffice
Apple Bank For Savings Provides $20 Million Loan For Hudson Yard Office Building
475 10th Avenue, New York, NY, USA
$20,000,000
$82/SF
Building Size
241,508 SF
Asset Type
Office
Closing
Jul 1, 2021
About this deal
AI
The property involved in this transaction is an office located at 475 Tenth Avenue in the Hudson Yard market. The property spans a total of 241,508 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $20,000,000
- Lender: Apple Bank For Savings
- Landlord: Alder Group
- Image: Keomi Grad, Nick Fournier & Marnie Kiel
- Date: 07/02/2021
The lender involved in this transaction is Apple Bank For Savings, while the landlord is Alder Group. The loan amount for this transaction is $20,000,000.
Players
Apple BankLender
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Browse New York office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93