Feil Organization & Rockpoint Group Acquire $115M Office Building In Midtown West With Morgan Stanley Bank Loan
894 7th Ave, New York, NY 10106, USA
$115,000,000
$921/SF
Building Size
124,782 SF
Asset Type
Office
Closing
Dec 29, 2019
About this deal
AI
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.
The office loan at 894 7th Ave, New York, NY 10106, USA in New York, New York financed for $115M in 2019. The building is 124,782 square feet, implying about 921 per square foot on the published price. The Feil Organization appears on the loan alongside The Feil Organization. This page is the New York, New York file for the 894 7th Ave, New York, NY 10106, 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 894 7th Ave, New York, NY 10106, USA around 2019. Published consideration for 894 7th Ave, New York, NY 10106, USA is $115M, dated 2019. Cite this Feil Organization & Rockpoint Group Acquire $115M Office Building In Midtown West With Morgan Stanley Bank Loan loan when underwriting similar office product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93