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125 West End Avenue, Manhat...

Taconic Partners And Nuveen Secure $393M Loan For Life Sciences Property On Upper West Side
FINANCEDOther

Taconic Partners And Nuveen Secure $393M Loan For Life Sciences Property On Upper West Side

125 West End Avenue, Manhattan, New York, NY, USA

$393,000,000

$3,969/SF

Building Size

99,015 SF

Asset Type

Other

Closing

Mar 11, 2021

AI

The property involved in this closed transaction is located at 125 West End Avenue in the Upper West Side market. It is classified as a Life Sciences asset.

Summary of transation details

  • Property Type: Life Sciences
  • Transaction Amount: $393,000,000
  • Address: 125 West End Avenue
  • Market: Upper West Side

The loan for this transaction was provided by Apollo Global Management and Oaktree Capital Management. The landlords involved in the deal are Chris Balestra, Paul Pariser, Charlie Bendit (representing Taconic Partners), and Nadir Settles (representing Nuveen). The brokers responsible for the transaction are Evan Pariser and Geoff Goldstein from JLL Capital Markets.

Players

Evan Pariser

JLL

Broker

$2.2B

vol

14 deals

Broker
Oaktree Capital Management
Oaktree Capital ManagementLender

New York Other Market Snapshot

Boundary boundary · Other · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93