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30 W 46th St, New York, NY ...

UOB Provides $62M Loan For 30 West 46th Street In Times Square
FINANCEDOther

UOB Provides $62M Loan For 30 West 46th Street In Times Square

30 W 46th St, New York, NY 10036, USA

$62,000,000

$492/SF

Building Size

126,000 SF

Asset Type

Other

Closing

Jul 8, 2019

AI

30 West 46th Street, located in Times Square, was involved in a closed transaction on 07/09/2019. The property, spanning 126,000 square feet, was the subject of the deal between the lender UOB and the landlord Hidrock Properties. The transaction amount reached $62,000,000.

Summary of transaction details

  • Property Type:
  • Transaction Amount: $62,000,000
  • Square Footage: 126,000 SF
  • Address: 30 West 46th Street
  • Market: Times Square

Key individuals involved in the deal include: Jonathan Schwartz, Aaron Appel, Keith Kurland, and Adam Schwartz from JLL NY Capital Markets.

Players

UOB  (United Overseas Bank)
UOB (United Overseas Bank)Lender
Hidrock Properties
Hidrock PropertiesLandlord

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

0.26%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93