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
About this deal
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:
- Property Type: Office
- Transaction Amount: $1,250,000,000
- Address: 5 Manhattan West (450 W 33rd St)
- Market: Manhattan
- Asset Size: 1,700,000 SF
- Lender: Jane Fraser - Citigroup, Christian Sewing - Deutsche Bank, Slawomir Krupa - Societe Generale, Jamie Dimon - JP Morgan
- Landlord: Bruce Flatt - Brookfield
- Landlord's Representative: Jordan Roeschlaub, Nick Scribani, John Caraviello - Newmark
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.
On the Map
$1,250,000,000
$735/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
0.01%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93