Harbor Group International Secures $107.7M Loan For Office Building At 55 Broadway In Financial District
55 Broadway, Manhattan, New York, NY, USA
$107,700,000
$348/SF
Building Size
309,381 SF
Asset Type
Office
Closing
May 4, 2021
About this deal
AI
Harbor Group International has secured a loan amount of $107,700,000 for their office property located at 55 Broadway in the Financial District. The asset type of the property is office. The deal was facilitated by Ronnie Levine and Ben Jacobs from Meridian Capital Group, who served as the brokers for the transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $107,700,000
- Address: 55 Broadway
- Market: Financial District
Harbor Group International, the landlord of the property, successfully obtained a loan of $107,700,000 for their office asset at 55 Broadway in the Financial District. Ronnie Levine and Ben Jacobs from Meridian Capital Group played a crucial role as brokers in facilitating this transaction.
Players
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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93