Carlyle Group And Bank Of America Refinance $260M Loan For Midtown Office At 75 Rockefeller Plaza
75 Rockefeller Plaza, New York City, New York 10019, United States
$260,000,000
$4,146/SF
Building Size
62,700 SF
Asset Type
Office
Closing
Aug 25, 2022
About this deal
AI
75 Rockefeller Plaza in Midtown has been refinanced with a loan of $260,000,000. The office space spans 62,700 square feet.
Summary of transation details
- Property Type: Office
- Transaction Amount: $260,000,000
- Address: 75 Rockefeller Plaza
- Market: Midtown
- Lender: Carlyle Group - David Rubenstein & Bank of America - Brian Moynihan
- Landlord: RXR Realty - Scott Rechler & Michael Maturo
- Brokers: Jordan Roeschlaub, Dustin Stolly & Nick Scribani - Newmark
- Loan Type: Refinance
The lenders involved in the deal are Carlyle Group represented by David Rubenstein and Bank of America represented by Brian Moynihan. The landlords are RXR Realty represented by Scott Rechler and Michael Maturo. The brokers who facilitated the transaction are Jordan Roeschlaub, Dustin Stolly, and Nick Scribani from Newmark.
On the Map
$260,000,000
$4,146/SF
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93