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
$357,500,000
$501/SF
Building Size
712,571 SF
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
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
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Visit Steven Vegh to view all their deals.
Browse New York sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93