facebook
Traded Co logo
Submit
Daily limit: 0/10

G4 Capital Partners Secures $32.2M Acquisition Loan For West Village Office

Property Image
FINANCED
$32,200,000

New York

See Similar Deals
Office34,364 SF
Financed 04/30/2024
the dealplayerscompscontact
Property Image
FINANCED

G4 Capital Partners Secures $32.2M Acquisition Loan For West Village Office

74 8th Avenue

See Similar Deals
Office34,364 SF
Financed 04/30/2024
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$937
Total Square Footage:34,364 SF
Transaction Type:Loan

The newly constructed office building at 74 8th Avenue, located in Manhattan's West Village, was involved in a loan transaction. The loan amount secured for this asset was $32,200,000. The lender for this acquisition loan was Drake Ayres from Sabal Investment Holdings. The landlord of the property is Jason Behfarin, representing G4 Capital Partners.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $32,200,000
  • Address: 74 8th Avenue
  • Market: West Village, Manhattan
  • Asset Type: Office
  • Square Footage: 34,364 SF
  • Lender: Drake Ayres - Sabal Investment Holdings
  • Landlord: Jason Behfarin - G4 Capital Partners

G4 Capital Partners, operating as 76 8th Ave LLC, successfully secured the $32.2 million acquisition loan from Sabal Investment Holdings for the above-mentioned office building. This transaction highlights the collaboration between the lender, Drake Ayres, and the landlord, Jason Behfarin, in facilitating the financial aspects of the property acquisition.

Players

LENDER

Details

FINANCED
IMAGE: Jason Behfarin DATE: 04/30/2024 ADDRESS: 74 8th Avenue MARKET: West Village, Manhattan ASSET TYPE: Office ~ SF: 34,364 LENDER: Drake Ayres - Sabal Investment Holdings LANDLORD: Jason Behfarin - G4 Capital Partners LOAN AMOUNT: $32,200,000 LOAN TYPE: Acquisition NOTE: G4 Capital Partners, operating as 76 8th Ave LLC, secured a $32.2 million acquisition loan from Sabal Investment Holdings for the newly constructed office building at 74 8th Avenue in Manhattan's West Village.

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

$32,200,000.00

Monthly NOI$214,666.67
Monthly Debt Service$203,525.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00