Emerald Equity Group Purchases 233 E 111th St New York From E&M Associates For $357.5M
SOLD
$357,500,000
New York
See Similar Deals712,571 SF
SOLD
Emerald Equity Group Purchases 233 E 111th St New York From E&M Associates For $357.5M
233 E 111th St, New York, NY, 10029
See Similar Deals712,571 SF
Summary
NEW YORK
Price Per Square Foot:$501
Total Square Footage:712,571 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 233 E 111th St, New York, NY, 10029, with a market value in New York. The transaction was completed for a price of $357,500,000.00, encompassing a square footage of 712,571.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $357,500,000.00
- Address: 233 E 111th St, New York, NY, 10029
- Market: New York
- Seller: E&M Associates
- Buyer: Emerald Equity Group
- Seller's Representative: Michael Tortorici (Ariel Property Advisors)
This transaction features key individuals and companies, with Emerald Equity Group acting as the buyer, while E&M Associates served as the seller. The representation for the seller in this deal was by Michael Tortorici from Ariel Property Advisors, ensuring the interests of E&M Associates were adequately managed throughout the transaction process.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$19,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,270,121.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,694,732.39
Annual Debt Service$20,336,788.66
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