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675 3rd Avenue

Ran Eliasaf Of Northwind Group Provides $90 Million Acquisition Loan For Office At 675 3rd Avenue
FINANCEDOffice

Ran Eliasaf Of Northwind Group Provides $90 Million Acquisition Loan For Office At 675 3rd Avenue

675 3rd Avenue

$90,000,000

$263/SF

Building Size

342,000 SF

Asset Type

Office

Closing

Apr 11, 2025

AI

The property involved in this transaction is an office asset located at 675 3rd Avenue in the Turtle Bay market. The total square footage of the property is 342,000. The acquisition loan amount totals $90,000,000.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $90,000,000
  • Address: 675 3rd Avenue
  • Market: Turtle Bay
  • Asset Size: 342,000 SF
  • Lender: Ran Eliasaf - Northwind Group
  • Landlord: David Werner - David Werner Real Estate Investments
  • Landlord: Nathan Berman - Metro Loft Management
  • Landlord's Representatives: Jordan Roeschlaub, Nick Scribani & Adam Spies - Newmark
  • Loan Type: Acquisition

This transaction feature key individuals including the lender Ran Eliasaf from Northwind Group and brokers Jordan Roeschlaub, Nick Scribani, and Adam Spies representing the landlords from Newmark. The landlords include David Werner of David Werner Real Estate Investments and Nathan Berman from Metro Loft Management.

Players

Nick Scribani

Newmark

Broker

$55.4B

vol

195 deals

Broker
Adam Spies
Verified Badge

Adam Spies

Newmark

Broker

$71.7B

vol

263 deals

Broker
Ran Eliasaf

Ran Eliasaf

Northwind Group

Lender

$2.2B

vol

17 deals

Lender
Northwind Group
Northwind GroupLender
David Werner

David Werner

Landlord

$2.2B

vol

18 deals

Landlord

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

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93