Global Holdings Secures $382.4 Million Refinance For 120 Park Avenue In Midtown Manhattan
120 Park Avenue
$382,400,000
$616/SF
Building Size
620,000 SF
Asset Type
Office
Closing
Sep 4, 2026
About this deal
AI
120 Park Avenue is a 620,000-square-foot office asset located in Midtown Manhattan. The property is involved in a refinancing transaction worth $382.4 million.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $382,400,000
- Address: 120 Park Avenue
- Market: Midtown Manhattan
- Lender: Wells Fargo & Landesbank Baden-Württemberg (LBBW)
- Landlord: Jonathan Ofer - Global Holdings
- Loan Type: Refinance
The refinancing was secured by Global Holdings, with Wells Fargo and LBBW co-originating the loan for the property. Jonathan Ofer represents Global Holdings in this transaction.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Jonathan Ofer 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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93