Daily limit: 0/10
Michael Sklar Of Ninety-Five Madison Company Secures $23M Loan For Office Building
FINANCED
$23,000,000
New York
See Similar DealsOffice146,161 SF
Financed 02/14/2024
FINANCED
Michael Sklar Of Ninety-Five Madison Company Secures $23M Loan For Office Building
89 Madison Avenue
See Similar DealsOffice146,161 SF
Financed 02/14/2024
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$157
Total Square Footage:146,161 SF
Transaction Type:Loan
An office building with a square footage of 146,161 located at 89 Madison Avenue in NoMad, Manhattan was the subject of a $23 million loan transaction. The loan was secured by landlord Michael Sklar, facilitated by lender Eric Goodman of Goodman Capital. The property has been owned by Rita Sklar and her family for decades.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $23,000,000
- Address: 89 Madison Avenue
- Market: NoMad, Manhattan
Michael Sklar, representing Ninety-Five Madison Company, L.P., facilitated an initial $23 million loan with lender Goodman Capital for the office building. The transaction was further facilitated by Madison Avenue Servicing LLC.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,000,000.00
Monthly NOI$153,333.33
Monthly Debt Service$145,375.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions