Chestnut Holdings Secures $15.5M Loan For NoMad Office Building
49 West 27th Street, New York, NY 10001, USA
$15,500,000
$186/SF
Building Size
83,050 SF
Asset Type
Office
Closing
Apr 4, 2021
About this deal
AI
Israel Discount BankOf New York has provided a loan of $15,500,000 for the property located at 49 West 27th Street in NoMad. The asset is an office space with a total area of 83,050 square feet. The loan transaction took place on April 5, 2021. Uri Levin and Jonathan Wiener are shown in the accompanying image.
Summary of transation details
- Property Type: Office
- Transaction Amount: $15,500,000
- Address: 49 West 27th Street
- Market: NoMad
- Lender: Israel Discount Bank Of New York
- Landlord: Chestnut Holdings - Jonathan Wiener
- Square Footage: 83,050
Jonathan Wiener, representing Chestnut Holdings, acted as the landlord in this transaction.
On the Map
$15,500,000
$186/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93