L&L Holding Company Refinances Office Building On Third Avenue For $160M With Credit Agricole Loan
FINANCED
$160,000,000
New York
See Similar DealsOffice493 SF
Financed 02/03/2023
FINANCED
L&L Holding Company Refinances Office Building On Third Avenue For $160M With Credit Agricole Loan
600 3rd Avenue, New York City, New York 10016, United States
See Similar DealsOffice493 SF
Financed 02/03/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$324,543
Total Square Footage:493 SF
Transaction Type:Loan
Located at 600 Third Avenue in Murray Hill, Manhattan, this office building is a prime asset in the market. With a total square footage of 493,860, the property is owned by L&L Holding Company, represented by Robert T. Lapidus. The recent transaction involving this property was a loan refinance.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $160,000,000
- Date: 03/02/2023
- Lender: Credit Agricole
- Loan Representatives: Amadou M. Diop & Theodore M. Vandermel
- Landlord: L&L Holding Company
- Loan Type: Refinance
The loan was provided by Credit Agricole, with Amadou M. Diop and Theodore M. Vandermel representing the lender. Robert T. Lapidus, from L&L Holding Company, served as the landlord in this transaction.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$160,000,000.00
Monthly NOI$1,066,666.67
Monthly Debt Service$1,011,308.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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