facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Loan

/

888 Broadway, New York, NY ...

Updated Dec 12, 2024

Bilt advertisement
TPG Real Estate Finance Trust Provides $200M Loan For 888 Broadway Flatiron Office
FINANCEDOffice

TPG Real Estate Finance Trust Provides $200M Loan For 888 Broadway Flatiron Office

888 Broadway, New York, NY 10003, USA

$200,000,000

$903/SF

Building Size

221,312 SF

Asset Type

Office

Closing

Sep 19, 2019

About this deal

AI

Normandy Real Estate Partners and Invesco Real Estate have jointly acquired an office property located at 888 Broadway in the Flatiron market. The property spans a total area of 221,312 square feet.

Summary of transaction details

The deal was facilitated by NKF, with Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, and Dylan Kane serving as brokers on behalf of the parties involved.

The office loan at 888 Broadway, New York, NY 10003, USA in New York, New York financed for $200M in 2019. The building is 221,312 square feet, implying about 903 per square foot on the published price. Dustin Stolly, Christopher (Chris) Kramer, John Gallagher, Dylan Kane appear on the loan alongside Douglas Elliman, Colliers, Newmark. This page is the New York, New York file for the 888 Broadway, New York, NY 10003, USA office financed: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else financed near 888 Broadway, New York, NY 10003, USA around 2019. Published consideration for 888 Broadway, New York, NY 10003, USA is $200M, dated 2019. Cite this TPG Real Estate Finance Trust Provides $200M Loan For 888 Broadway Flatiron Office loan when underwriting similar office product around New York, New York.

Players

Dustin Stolly

Walker & Dunlop

Broker

$51.1B

vol

273 deals

Broker
Invesco Real Estate
Invesco Real EstateLender
Invesco Real Estate
Invesco Real EstateLandlord

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Deal FAQ

About $903 per square foot on a published $200M for 221,312 square feet (2019).

Visit Dustin Stolly to view all their deals.

Browse New York office loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets