Updated Oct 29, 2024
Columbia Property Trust Acquires Office Building In Manhattan For $185.3M
216 W 18th St, Ship Bottom, NJ 08008, USA
Building Size
1,918 SF
Asset Type
Office
Closing
Oct 16, 2017
About this deal
AI
The office building located at 216 W 18th Street in Manhattan, New York has been sold in a closed transaction. The property, categorized as an office asset, was sold for a price of $185,328,064.60.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $185,328,064.60
- Address: 216 W 18th Street, New York
- Market: Manhattan
The seller of the property was NY REIT, while the buyer was Columbia Property Trust. The transaction was facilitated by the brokerage firm Cushman & Wakefield.
Traded’s record for 216 W 18th St, Ship Bottom, NJ 08008, USA in Ship Bottom, New Jersey covers a office sale from 2017. The building is 1,918 square feet, implying about 0 per square foot on the published price. This page is the Ship Bottom, New Jersey file for the 216 W 18th St, Ship Bottom, NJ 08008, USA office sold: pricing, party profiles, and other closed office comps from the same Ship Bottom sit in the Market section below. Filter that Ship Bottom office set by closing date to see what else sold near 216 W 18th St, Ship Bottom, NJ 08008, USA around 2017. Cite this Columbia Property Trust Acquires Office Building In Manhattan For $185.3M sale when underwriting similar office product around Ship Bottom, New Jersey.
Players
Ship Bottom Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
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