Khimji Foundation Purchases 160 E 35th St New York From 160 LLC For $8.25M
160 E 35th St, New York, NY, 10016
$8,250,000
$750/SF
Building Size
11,000 SF
Asset Type
—
Closing
Nov 20, 2023
AI
A property located at 160 E 35th St, New York, NY, 10016 has been sold for $8,250,000.00. The property encompasses a total area of 11,000 square feet and is situated in the New York market.
Summary of transation details:
- Property Type: SALE
- Transaction Amount: $8,250,000.00
- Address: 160 E 35th St, New York, NY, 10016
- Market: New York
- Seller: 160 LLC
- Buyer: Khimji Foundation
- Seller's Representative: Larry Link
The transaction involved two key entities: 160 LLC, the seller of the property, and Khimji Foundation, the buyer. The negotiation was facilitated by seller's representative Larry Link, representing the seller throughout the deal.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93