facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Loan

/

5 Columbus Circle

First Republic Bank Provides $58M Debt Financing For Office Building At 5 Columbus Cir. In Manhattan, NY
FINANCEDOffice

First Republic Bank Provides $58M Debt Financing For Office Building At 5 Columbus Cir. In Manhattan, NY

5 Columbus Circle

$58,000,000

$237/SF

Building Size

244,000 SF

Asset Type

Office

Closing

Aug 23, 2022

AI

Located at 5 Columbus Cir. in Manhattan, this 244,000 square foot office asset recently underwent a closed transaction. The property is situated in a prime location within the bustling Manhattan market.

Summary of transaction details:

Grant Frankel, Ethan Pond, and Auston Ingram from Eastdil Secured served as the brokers in this closed transaction. They represented the parties involved in the deal.

The loan amount for this transaction was $58,000,000, and it was obtained through debt financing. First Republic Bank provided the loan.

Players

Ethan Pond

Eastdil Secured

Broker

$13.3B

vol

28 deals

Broker
First Republic Bank
First Republic BankLender

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93