facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Loan

/

730 Third Ave, Manhattan, N...

Updated Dec 4, 2024

Nuveen Real Estate Secures $28M C-PACE Loan For 668,000 SF Office In Midtown East
FINANCEDOffice

Nuveen Real Estate Secures $28M C-PACE Loan For 668,000 SF Office In Midtown East

730 Third Ave, Manhattan, New York, NY, USA

$28,000,000

$41/SF

Building Size

668,000 SF

Asset Type

Office

Closing

Sep 24, 2021

About this deal

AI

A 668,000 square foot office property located at 730 Third Ave in Midtown East has recently closed a loan transaction. The loan, provided by Greenworks Lending, was for a total amount of $28,000,000. The loan type is C-PACE, with a repayment term of 25 years. Crystal Smith from Greenworks Lending served as the lender representative in the deal.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $28,000,000
  • Address: 730 Third Ave
  • Market: Midtown East
  • Lender: Crystal Smith - Greenworks Lending

Nuveen Real Estate, represented by Brian Wallick, acted as the landlord in this transaction. It is worth mentioning that Brian Wallick is the Director of New York Office Investments at Nuveen Real Estate. For more information, interested parties can contact Brian Wallick at 212-916-4305. Additionally, Crystal Smith, the Director of NY Originations at Greenworks Lending, can also be contacted at 212-731-2717.

Players

Nuveen
NuveenLender
Nuveen
NuveenLandlord

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Deal FAQ

About $41 per square foot on a published $28M for 668,000 square feet (2021).

Browse New York office loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets