Office · New York
450 Park Avenue
—, New York
Verified
sourcedmodeled1 of 6 sourced
Ownership & debt
Ownership chain & debt stack
Owner of record: Joint venture led/managed by SL Green Realty Corp..
3 recorded holders · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
1 debt tranche on file — lender, principal, rate and maturity.
Financials
Financial model
Effective gross income, operating expenses, DSCR, cash-on-cash, mark-to-market and replacement cost — the income side of the underwrite.
Underwriting
Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.
Provenance footnotes
- Current value: Single source — SL Green Realty Corp. (press release) · https://slgreen.com/sl-green-announces-closing-of-450-park-avenue-acquisition-in-newly-formed-joint-venture/ · observed 2022-06
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — Joint venture led/managed by SL Green Realty Corp.: Single source — slgreen.com · https://slgreen.com/sl-green-announces-closing-of-450-park-avenue-acquisition-in-newly-formed-joint-venture/
Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration are derived arithmetic, not sourced claims. Not investment advice.
Anchoring begins when the asset enters the live ledger.