Helaba Provides $23.3M Loan For Office Building At 579 Fifth Avenue
FINANCED
$23,339,950
New York
See Similar DealsOffice130,715 SF
Financed 06/07/2021
FINANCED
Helaba Provides $23.3M Loan For Office Building At 579 Fifth Avenue
579 Fifth Avenue, New York, NY, USA
See Similar DealsOffice130,715 SF
Financed 06/07/2021
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$178
Total Square Footage:130,715 SF
Transaction Type:Loan
A loan for the property located at 579 Fifth Avenue in the Grand Central market has been secured. The lender, helaba''>Helaba, has provided a loan amount of $23,339,950 for the property. The office asset spans across an area of 130,715 square feet. The landlord of the property is Stawski Partners.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $23,339,950
- Address: 579 Fifth Avenue
- Market: Grand Central
- Landlord: Stawski Partners
The loan from Helaba will support the ownership and operations of the office property at 579 Fifth Avenue. Axel Stawski and Thomas Grob, representing the landlord Stawski Partners, played a pivotal role in the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,339,950.00
Monthly NOI$155,599.67
Monthly Debt Service$147,524.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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