Updated Nov 28, 2024
NY Presbyterian Hospital Acquires Office Condo On Park Avenue From RXR Realty For $250.9M
230 Park Ave #500, New York, Ny 10169, Usa
Building Size
5,000,000 SF
Asset Type
—
Closing
Jun 16, 2017
About this deal
AI
The property involved in this transaction is an office condo located at 237 Park Avenue in New York City's Manhattan market. The property is subject to a 30-year leasehold agreement.
Summary of transaction details
- Property Type: Office Condo
- Transaction Amount: $250,867,763
- Square Footage: 500,000
- Address: 237 Park Avenue
- Market: Manhattan
The seller of this property is RXR Realty, while the buyer is NY Presbyterian Hospital.
Traded’s record for 230 Park Ave #500, New York, Ny 10169, Usa in New York, New Jersey covers a commercial sale from 2017. The building is 5,000,000 square feet, implying about 0 per square foot on the published price. RXR Realty appears on the sale alongside RXR Realty. This page is the New York, New Jersey file for the 230 Park Ave #500, New York, Ny 10169, Usa commercial sold: pricing, party profiles, and other closed commercial comps from the same New York sit in the Market section below. Filter that New York commercial set by closing date to see what else sold near 230 Park Ave #500, New York, Ny 10169, Usa around 2017. Cite this NY Presbyterian Hospital Acquires Office Condo On Park Avenue From RXR Realty For $250.9M sale when underwriting similar commercial product around New York, New Jersey.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93