Stahl Real Estate Secures $280M Refinancing Loan For Tribeca Office Building
60 Hudson Street
$280,000,000
$349/SF
Building Size
802,000 SF
Asset Type
Office
Closing
Sep 6, 2023
About this deal
AI
The office building located at 60 Hudson Street in Tribeca, Manhattan has secured a refinancing loan valued at $280 million. The loan was provided by Cynthia Eckes of Morgan Stanley and facilitated by Morgan Stanley Bank. The building, spanning an area of 802,000 square feet, is owned by Richard F. Czaja's Stahl Real Estate.
Summary of transation details
- Property Type: Office
- Transaction Amount: $280,000,000
- Address: 60 Hudson Street, Tribeca, Manhattan
- Lender: Cynthia Eckes - Morgan Stanley
- Landlord: Richard F. Czaja - Stahl Real Estate
Stahl Real Estate, operating through 60 Hudson Owner LLC, obtained the refinancing loan from Cynthia Eckes of Morgan Stanley. The loan, valued at $280 million, will support the future operations and management of the office building at 60 Hudson Street in Tribeca, Manhattan.
On the Map
$280,000,000
$349/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93