ACORE Capital Provides $121.1M Refinance Loan For 541,568 SF Office In Financial District
77 Water Street
$121,125,000
$223/SF
Building Size
541,568 SF
Asset Type
Office
Closing
Jul 26, 2022
About this deal
AI
The property involved in this transaction is an office space located at 77 Water Street in the Financial District. It spans a total of 541,568 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $121,125,000
- Address: 77 Water Street
- Market: Financial District
- Lender: ACORE Capital
- Landlord: William Kaufman Organization - Jonathan Kaufman Iger, Principal Real Estate - Kristine Soliday
- Loan Type: Refinance
The lender involved in this transaction is ACORE Capital, providing a loan amount of $121,125,000 for the refinance. The landlord of the property is William Kaufman Organization, represented by Jonathan Kaufman Iger as the Principal Real Estate and Kristine Soliday.
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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93