Ackman-Ziff Secures $71.6 Million Leasehold Refinance Loan For Office In Midtown East
$71,600,000
Building Size
—
Asset Type
Office
Closing
Feb 9, 2026
AI
The transaction involves a leasehold refinance loan for an office asset located in Midtown East, Manhattan. The loan amount is $71,600,000, reflecting the financial specifics pertinent to the asset in this market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $71,600,000
- Loan Type: Leasehold Refinance
- Market: Midtown East, Manhattan
- Broker: Ackman-Ziff - Ackman-Ziff Real Estate Group
The broker for this transaction is Ackman-Ziff, representing the interests involved in the leasehold refinance process, illustrating the crucial role of professional services in facilitating such financial arrangements.
Players
Market Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93