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Goldman Sachs Provides $900M Loan For Office Building In Hudson Square

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FINANCED
$900,000,000
Noble Carpenter
Alex Lapidus Okin
+ 2

New York

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Office108,000 SF
Financed 05/28/2019
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Property Image
FINANCED

Goldman Sachs Provides $900M Loan For Office Building In Hudson Square

309 West 49th Street, New York, NY 10019

See Similar Deals
Office108,000 SF
Financed 05/28/2019
Noble Carpenter
Alex Lapidus Okin
+ 2
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$8,333
Total Square Footage:108,000 SF
Transaction Type:Loan

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

Alexander (Alex) Hernandez
27 deals$7.7B volume(212) 841-9237
BROKER

Alex Lapidus Okin
Cushman & Wakefield
29 deals$7.8B volume(212) 841-9239
BROKER

Noble Carpenter
6 deals$2.6B volume
BROKER

Adam Spies
Newmark
260 deals$71.4B volume(212) 841-7500
BROKER

Steve Kohn
Cushman & Wakefield
18 deals$6.8B volume
BROKER

Stellar Management
LENDER




TENANT

Details

FINANCED
IMAGE: Adam Spies, Laurence Gluck, Steve Kohn, @DavidSolomon DATE: 05/28/2019 🙌 ADDRESS: One Soho Square MARKET: @HudsonSquareNYC ASSET TYPE: Office LENDER: @GoldmanSachs @DavidSolomon LANDLORD: @StellarManagement and Imperium Capital TENANTS: @Aetna @Glossier @WarbyParker 🤓 BROKERS: @CushWake - Adam Spies, Steve Kohn, Alex Hernandez, Alex Lapidus and Noble Carpenter LOAN AMOUNT: $900,000,000 🤗

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$900,000,000.00

Monthly NOI$6,000,000.00
Monthly Debt Service$5,688,612.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00