A&E Real Estate Acquires Student Housing On Upper West Side For $42.5M
1080 Amsterdam Avenue, New York City, New York 10025, United States
$42,500,000
$475/SF
Building Size
89,365 SF
Asset Type
—
Closing
Apr 13, 2022
About this deal
AI
1080 Amsterdam Ave. on the Upper West Side has been sold in a closed transaction. The property is classified as student housing and spans a total of 89,365 square feet. The sale was completed on April 14, 2022.
Summary of transation details
- Property Type: Student Housing
- Transaction Amount: $42,500,000
- SF: 89,365
- PPSF: $475
- Market: Upper West Side
The buyer of the property is A&E Real Estate, and the seller is SL Green. The deal was facilitated by brokers Andrew Sasson, Chad Sinsheimer, and Marc Sznajderman from Ackman-Ziff.
Please note that no additional information is available regarding the property or the individuals and companies involved in the transaction.
On the Map
$42,500,000
$475/SF
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93