Fisher Brothers Refinances Midtown Manhattan Office Building For $575M
FINANCED
New York
See Similar DealsOffice1,200,000 SF
Financed 10/28/2021
FINANCED
Fisher Brothers Refinances Midtown Manhattan Office Building For $575M
55 East 52nd Street, Manhattan, New York, NY, USA
See Similar DealsOffice1,200,000 SF
Financed 10/28/2021
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$479
Total Square Footage:1,200,000 SF
Transaction Type:Loan
The property involved in this transaction is an office located at 55 East 52nd Street in Midtown. The property spans approximately 1,200,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $575,000,000
- Loan Type: Refinance
- Loan Terms: 10-year
Morgan Stanley provided a loan of $575,000,000 to Steven Fisher, Winston Fisher, Arnold Fisher, Martin Edelman, Kenneth Fisher, and Sam Rosenberg, who are the landlords of the property. The loan is a refinance type with a duration of 10 years.
Players
LENDER
LANDLORD
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$575,000,000.00
Monthly NOI$3,833,333.33
Monthly Debt Service$3,634,391.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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