Updated Dec 4, 2024
Apollo Global Management Acquires Office Building In Greenwich, CT From Rockpoint Group
100 West Putnam Avenue, Greenwich, Connecticut 06830, United States
$200,000,000
$1,290/SF
Building Size
155,000 SF
Asset Type
Office
Closing
Mar 3, 2022
About this deal
AI
The office property located at 100 West Putnam Avenue in Greenwich, CT has recently been put in contract for sale. The transaction involves a notable group of individuals, including Marc Rowan, Phillip Mintz, and Nick Doering Dorival from Apollo Global Management, who are the buyers. The seller in this deal is Rockpoint Group, and Eastdil Secured served as the broker.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 100 West Putnam Avenue, Greenwich, CT
- Market: Greenwich, CT
Apollo Global Management, represented by Marc Rowan, Phillip Mintz, and Nick Doering Dorival, has entered into a contract to acquire the office property located at 100 West Putnam Avenue. They will be purchasing the property from Rockpoint Group. The involvement of Eastdil Secured as the broker indicates that this sale is being handled by professionals specialized in real estate transactions.
Players
Greenwich Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93