Blue School Sells Commercial Condo In Financial District For $20M
156 William Street, Manhattan, New York, NY, USA
$20,000,000
$769/SF
Building Size
26,000 SF
Asset Type
—
Closing
Jun 1, 2020
About this deal
AI
The Blue School - Blue Man Group has sold their commercial condo located at 156 William Street in the Financial District. The property, spanning 26,000 square feet, was sold in June 2021 for a total price of $20,000,000. The sale price equates to a price per square foot of $769.
Summary of transaction details
- Property Type: Commercial Condo
- Transaction Amount: $20,000,000
- Square Footage: 26,000
- Address: 156 William Street
- Market: Financial District
The Blue School - Blue Man Group served as the seller in this transaction.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $769 per square foot on a published $20M for 26,000 square feet (2020).
Browse New York sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93