Credit Suisse Provides $224M Loan For 522 Fifth Avenue Office Acquisition
FINANCED
$224,000,000
New York
See Similar DealsOffice3,798,880 SF
Financed 08/27/2020
FINANCED
Credit Suisse Provides $224M Loan For 522 Fifth Avenue Office Acquisition
522-528 5th Ave, New York, NY 10036, USA
See Similar DealsOffice3,798,880 SF
Financed 08/27/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$59
Total Square Footage:3,798,880 SF
Transaction Type:Loan
A $224,000,000 loan has been provided by Credit Suisse for the office property located at 522 Fifth Avenue in the Grand Central market. The property spans across 379,888 square feet and is owned by @RFRRealty. The deal was facilitated by brokers Jordan Roeschlaub, Dustin Stolly, and Nick Scribani.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $224,000,000
- Address: 522 Fifth Avenue
- Market: Grand Central
- Square Footage: 379,888
- Lender: Credit Suisse
- Landlord: @RFRRealty
The brokers involved in the deal, Jordan Roeschlaub, Dustin Stolly, and Nick Scribani, played a crucial role in facilitating the transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$224,000,000.00
Monthly NOI$1,493,333.33
Monthly Debt Service$1,415,832.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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