facebook
Traded Co logo
Submit

Vornado, Oxford Properties, Crown Acquisitions & Highgate Secure $800M Loan For 650 Madison Avenue Office

Property Image
FINANCED
$800,000,000

New York

See Similar Deals
Office5,230,000 SF
Financed 11/24/2019
the dealplayerscompscontact
Property Image
FINANCED

Vornado, Oxford Properties, Crown Acquisitions & Highgate Secure $800M Loan For 650 Madison Avenue Office

650 Madison Ave, New York, NY 10022, USA

See Similar Deals
Office5,230,000 SF
Financed 11/24/2019
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$153
Total Square Footage:5,230,000 SF
Transaction Type:Loan

650 Madison Avenue, located in Lenox Hill, was recently involved in a closed transaction. The property is an office building with a total area of 523,000 square feet. Its zoning classification includes C5-3, C5-2.5, and MiD.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $800,000,000
  • Landlord: Vornado Realty Trust, Oxford Properties Group, Crown Acquisitions, and Highgate
  • Lender: Citi, Barclays UK, Goldman Sachs, and BMO Harris Bank
  • Market: Lenox Hill

The landlords involved in the deal include Vornado Realty Trust, Oxford Properties Group, Crown Acquisitions, and Highgate. The lenders who facilitated the transaction are Citi, Barclays UK, Goldman Sachs, and BMO Harris Bank.

Players

BROKERAGE








Details

FINANCED
IMAGE: Steve Roth, Mahmood Khimji, Isaac Chera, Mehdi Khimji & Haim Chera DATE: 11/24/2019 ADDRESS: 650 Madison Avenue MARKET: Lenox Hill ASSET TYPE: Office LANDLORD: @VornadoRealtyTrust, Oxford Properties Group, Crown Acquisitions & Highgate LENDER: @Citi, @BarclaysUK, @GoldmanSachs & BMO Harris Bank LOAN AMOUNT: $800,000,000 SF: 523,000 ZONING: C5-3, C5-2.5, MiD

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$800,000,000.00

Monthly NOI$5,333,333.33
Monthly Debt Service$5,056,544.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00