Harbor Group International Refinances 55 Broadway In Manhattan With $71.6M Loan From AIG
55 Broadway
$71,600,000
$231/SF
Building Size
309,381 SF
Asset Type
Office
Closing
Jul 29, 2024
About this deal
AI
The asset involved in this transaction is an office building located at 55 Broadway in the Financial District of Manhattan. The building encompasses a total square footage of 309,381 and has undergone a refinancing operation.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $71,600,000
- Lender: Patricia Hall - AIG Investments
- Landlord: Jordan E. Slone & Carla R. Stoner - Harbor Group International
- Loan Type: Refinance
The key individuals behind this transaction are Patricia Hall representing AIG Investments as the lender, and landlords Jordan E. Slone and Carla R. Stoner affiliated with Harbor Group International. They facilitated the refinancing of the office building to enhance financial operations and investment performance.
On the Map
$71,600,000
$231/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Browse New York office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93