Cyrus Sakhai Acquires Office Building In Flatiron District, Manhattan For $126.5M
$126,500,000
$564/SF
Building Size
224,260 SF
Asset Type
Office
Closing
Oct 23, 2023
About this deal
AI
The office building located at 100 5 Avenue in the Flatiron District of Manhattan has been sold in a closed transaction. The property, spanning 224,260 square feet, was sold for a price of $126,500,000, resulting in a price per square foot of $564.
Summary of transaction details:
- Property Type: Office
- Sale Price: $126,500,000
- Square Footage: 224,260
- Price per Square Foot: $564
- Address: 100 5 Avenue, Flatiron District, Manhattan
Cyrus Sakhai acted as the buyer in this transaction, while Jonathan Gelb represented the seller. Both parties were instrumental in successfully completing the deal.
Market 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93