Lodha U.K Sells Mayfair Penthouse On 1 Grosvenor Square For £140M
1 Grosvenor Square, Mayfair, London W1 K 4 Ab, Uk
$140,000,000
$57,971/SF
Building Size
2,415 SF
Asset Type
Other
Closing
Nov 13, 2020
About this deal
AI
The penthouse located at 1 Grosvenor Square in Mayfair, London was sold on November 14, 2020. This luxurious property, formerly known as the U.S. Embassy, was sold by Lodha U.K. for a staggering price of £140,000,000. Spanning across 84 years, the building has a rich history, having served as the U.S. Embassy from 1938 to 1960 before relocating to a nearby establishment.
Summary of transation details
- Property Type: Penthouse
- Transaction Amount: £140,000,000
- Address: 1 Grosvenor Square
- Market: Mayfair, London
- Seller: Lodha U.K
This remarkable deal involved several key individuals and entities. Lodha U.K., as the seller, successfully negotiated the sale of this prestigious penthouse in Mayfair, London. The buyer's identity, however, remains undisclosed. The transaction represents a significant milestone for both parties involved, highlighting the desirability and exclusivity of this property.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93