Ruben Companies Secures $65M Loan From The Bank Of NY Mellon For 880 3rd Ave Office In Plaza District
FINANCED
$65,000,000
New York
See Similar DealsOffice1,404,000 SF
Financed 11/05/2019
FINANCED
Ruben Companies Secures $65M Loan From The Bank Of NY Mellon For 880 3rd Ave Office In Plaza District
880 3rd Ave, New York, NY 10022, USA
See Similar DealsOffice1,404,000 SF
Financed 11/05/2019
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$46
Total Square Footage:1,404,000 SF
Transaction Type:Loan
The property involved in this transaction is located at 880 3rd Ave in the Plaza District. It is an office building with a total square footage of 140,400. The transaction took place on November 5, 2019.
Summary of transation details
- Property Type: Office
- Transaction Amount: $65,000,000
- Lender: The Bank Of NY Mellon
- Landlord: Ruben Companies
The Bank Of NY Mellon provided a loan of $65,000,000 for this transaction. Ruben Companies is the landlord for the property at 880 3rd Ave.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$65,000,000.00
Monthly NOI$433,333.33
Monthly Debt Service$410,844.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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