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
New York Other Market Snapshot
Boundary boundary · Other · Loan transactions
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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