G4 Capital Partners Provides $94M Loan For 65 Franklin Street Condo Acquisition
65 Franklin St, New York, NY 10013, USA
$94,000,000
$1,458/SF
Building Size
64,430 SF
Asset Type
Other
Closing
May 23, 2019
AI
The recently closed property transaction at 65 Franklin Street in Tribeca involved a condo property consisting of 41 units. The transaction took place on 05/24/2019. The lender for this transaction was G4 Capital Partners, and the loan amount was $94,000,000. The property's landlord is HAP_NY.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $94,000,000
- Address: 65 Franklin Street
- Market: Tribeca
- Units: 41
- Lender: G4 Capital Partners
- Landlord: HAP_NY
The deal was facilitated by Eran Polack from @Eran_Polack, and Louis Silverman from Silverman.Louis. They represented the buyer and seller respectively in this transaction.
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93