FINANCEDOffice
Zackary Kraft Of Cushman & Wakefield Arranges $80M Loan For Yonkers Office Property
555 Tuckahoe Rd, Yonkers, NY, 10710
$80,000,000
Building Size
—
Asset Type
Office
Closing
Nov 18, 2016
AI
The property involved in the transaction is an office located at 555 Tuckahoe Rd, Yonkers, NY, 10710. The loan for this property was provided by J.P. Morgan Asset Management, with a total amount of $80,000,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $80,000,000.00
- Market: Yonkers
- Borrower's Rep: Zackary Kraft (Cushman & Wakefield)
- Lender: J.P. Morgan Asset Management
Zackary Kraft from Cushman & Wakefield represented the borrower in this transaction.
Players
Yonkers 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93