Feil Organization & Rockpoint Group Acquire $115M Office Building In Midtown West With Morgan Stanley Bank Loan
FINANCED
$115,000,000
New York
See Similar DealsOffice124,782 SF
Financed 12/30/2019
FINANCED
Feil Organization & Rockpoint Group Acquire $115M Office Building In Midtown West With Morgan Stanley Bank Loan
894 7th Ave, New York, NY 10106, USA
See Similar DealsOffice124,782 SF
Financed 12/30/2019
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$921
Total Square Footage:124,782 SF
Transaction Type:Loan
The Feil Organization and Rockpoint Group, two prominent real estate companies, have closed a transaction for an office property located at 894 7th Avenue in the Midtown West market of New York City.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $115,000,000
- Lender: Morgan Stanley Bank
- Landlord: Feil Organization & Rockpoint Group
The transaction was facilitated by Keith Gelb and Jeffrey Feil, representing the Feil Organization and Rockpoint Group respectively.
Players
BROKERAGE
LENDER
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$115,000,000.00
Monthly NOI$766,666.67
Monthly Debt Service$726,878.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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