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
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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93