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Acram Group And Bulldog Real Estate Partners Secure $42.2M Loan For Office In Greenwich Village
FINANCED
$42,200,000
New York
See Similar DealsOffice70,642 SF
Financed 03/24/2026
FINANCED
Acram Group And Bulldog Real Estate Partners Secure $42.2M Loan For Office In Greenwich Village
88 University Place
See Similar DealsOffice70,642 SF
Financed 03/24/2026
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$597
Total Square Footage:70,642 SF
Transaction Type:Loan
An acquisition loan was secured for a 70,642-sf office building located at 88 University Place in Greenwich Village, Manhattan. The loan amount was $42,200,000, facilitated by BridgeInvest, a lending company.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $42,200,000
- Address: 88 University Place
- Market: Greenwich Village, Manhattan
- Lender: Alex Horn - BridgeInvest
- Landlord: Matthew Cassin - Acram Group & Bulldog Real Estate Partners
- Asset Size: 70,642 SF
- Loan Type: Acquisition
The deal was executed by Acram Group and Bulldog Real Estate Partners, operating through 88u Owner LLC, highlighting the collaboration between these entities in acquiring this office property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$42,200,000.00
Monthly NOI$281,333.33
Monthly Debt Service$266,732.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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