Goldman Sachs Provides $900M Loan For Office Building In Hudson Square
309 West 49th Street, New York, NY 10019
$900,000,000
$8,333/SF
Building Size
108,000 SF
Asset Type
Office
Closing
May 27, 2019
AI
One Soho Square, located in Hudson Square, was involved in a recent closed property transaction on May 28, 2019. The property, an office asset, attracted the attention of prominent individuals such as Adam Spies, Laurence Gluck, Steve Kohn, and David Solomon.
Summary of transation details
- Property Type: Office
- Transaction Amount: $900,000,000
- Date: 05/28/2019
- Address: One Soho Square
- Market: Hudson Square
The loan for this transaction was provided by Goldman Sachs, with David Solomon representing the lender. The landlords involved in the deal were Stellar Management and Imperium Capital. Notable tenants in One Soho Square include Aetna, Glossier, and Warby Parker. The brokers for this transaction were Adam Spies, Steve Kohn, Alex Hernandez, Alex Lapidus, and Noble Carpenter, who represented CushWake.
Players
New York 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
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93