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5 Manhattan W

Brookfield Secures $1.25 Billion Refinance Loan For 5 Manhattan West Office Building
FINANCEDOffice

Brookfield Secures $1.25 Billion Refinance Loan For 5 Manhattan West Office Building

5 Manhattan W

$1,250,000,000

$735/SF

Building Size

1,700,000 SF

Asset Type

Office

Closing

Sep 25, 2025

AI

The asset involved in this transaction is an office property located at 5 Manhattan West, with an address of 450 W 33rd St in Manhattan. The total square footage of the property is 1,700,000. The loan amount for this transaction is $1,250,000,000, classified as a refinance.

Summary of transation details:

The deal involved key individuals from financial institutions and real estate firms. The lenders represented include Jane Fraser of Citigroup, Christian Sewing from Deutsche Bank, Slawomir Krupa of Societe Generale, and Jamie Dimon of JP Morgan. The landlord, Bruce Flatt, is associated with Brookfield, with landlord representation by Jordan Roeschlaub, Nick Scribani, and John Caraviello from Newmark.

Players

Nick Scribani

Newmark

Broker

$55.4B

vol

195 deals

Broker
Newmark
NewmarkBrokerage
Deutsche Bank
Deutsche BankLender
Bruce Flatt

Bruce Flatt

Brookfield Properties

Landlord

$10.4B

vol

32 deals

Landlord
Brookfield Properties
Brookfield PropertiesLandlord

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.01%

Cash-on-Cash

-0.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93