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Loan · Office

Updated Sep 15, 2026

Citi Provides $69,900,000 Refinance Loan For 16 West 47th Street Office In New York
FINANCEDOffice

Citi Provides $69,900,000 Refinance Loan For 16 West 47th Street Office In New York

$69,900,000

$632/SF

Building Size

110,553 SF

Asset Type

Office

Closing

Sep 2, 2026

About this deal

AI

The asset involved in this transaction is an office property located at 16 West 47th Street in New York. The total square footage of the asset is 110,553. The refinance loan amount secured for this property is $69,900,000.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $69,900,000
  • Lender: Citi
  • Broker: Benjamin (Ben) Nevid - Meridian Capital Group
  • Loan Type: Refinance
  • Date: 09/02/2026

Key individuals involved in this transaction include Joe Dyckman, Benjamin (Ben) Nevid, and Gabe Podair, with Benjamin (Ben) Nevid representing Meridian Capital Group as the broker in the refinancing deal.

Players

Benjamin Nevid

Meridian Capital Group

Broker

$2.5B

vol

26 deals

Broker
CI
Citivest Commercial InvestmentsLender
Bilt advertisement

Market Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $632 per square foot on a published $69.9M for 110,553 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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