Bank Of America Provides $100M Loan For Office Property At 80 Pine Street In Financial District
88 Wall St, New York, NY 10005, USA
$73,000,000
$1,471/SF
Building Size
49,600 SF
Asset Type
Office
Closing
Sep 27, 2018
About this deal
AI
Located in the Financial District, the property at 80 Pine Street has recently been involved in a closed transaction. The office asset, owned by Rudin Management, has secured a loan from Bank of America.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $100,000,000
- Date: 06/25/2021
- Address: 80 Pine Street
- Market: Financial District
Michael Rudin, William Rudin, and Eric Rudin were involved in the deal as representatives of Rudin Management. They successfully secured a loan of $100,000,000 from Bank of America for the property at 80 Pine Street in the Financial District.
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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93