Taconic Investment Partners Secures $181M LoanCore Capital Loan For Office Asset On Upper West Side
320 W 66th St, New York, NY 10023, USA
$181,000,000
$1,828/SF
Building Size
99,015 SF
Asset Type
Office
Closing
Oct 31, 2019
About this deal
AI
The office building located at 320 West 66th Street in the Upper West Side has been involved in a closed transaction. The property, owned by Taconic Investment Partners, attracted a loan from LoanCore Capital in the amount of $181,000,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $181,000,000
- Lender: LoanCore Capital
- Landlord: Taconic Investment Partners
Charles Bendit, Paul Parise, and Mark Finerman oversaw the deal as notable individuals. They represented their respective agencies in the transaction.
The office loan at 320 W 66th St, New York, NY 10023, USA in New York, New York financed for $181M in 2019. The building is 99,015 square feet, implying about 1.8K per square foot on the published price. This page is the New York, New York file for the 320 W 66th St, New York, NY 10023, USA office financed: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else financed near 320 W 66th St, New York, NY 10023, USA around 2019. Published consideration for 320 W 66th St, New York, NY 10023, USA is $181M, dated 2019. Cite this Taconic Investment Partners Secures $181M LoanCore Capital Loan For Office Asset On Upper West Side loan when underwriting similar office product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93