Davis Companies Partners With Tribeca Investment Group For $50 Million Equity Investment In Grand Central Office
630 3rd Avenue
$50,000,000
$191/SF
Building Size
261,445 SF
Asset Type
Office
Closing
Oct 9, 2025
About this deal
AI
The asset involved in the transaction is an office property located at 630 3rd Avenue within the Grand Central market. The equity investment amount for this asset totals $50,000,000.
Summary of transaction details:
- Property Type: Equity
- Transaction Amount: $50,000,000
- Address: 630 3rd Avenue
- Market: Grand Central
- Limited Partner: Davis Companies
- General Partner: Tribeca Investment Group
- Brokers: Mo Beler, Jonathan Paine, Aaron Appel & Jackson Irwin - Walker & Dunlop
The transaction involves key representatives Mo Beler, Jonathan Paine, Aaron Appel, and Jackson Irwin, all associated with Walker & Dunlop, who played significant roles in facilitating the deal between Davis Companies and Tribeca Investment Group.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Jonathan Paine to view all their deals.
Browse New York office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93