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630 3rd Avenue

Davis Companies Partners With Tribeca Investment Group For $50 Million Equity Investment In Grand Central Office
FINANCEDOffice

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

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

Aaron Appel

Walker & Dunlop

Broker

$32.9B

vol

196 deals

Broker
Davis Companies
Davis CompaniesLender

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

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