GreenOak Real Estate And SlatePropertyGroup Acquire Condo At 271 West 47th Street For $280M
SOLD
$280,000,000
New York
See Similar Deals463,143 SF
Sold 11/28/2017
SOLD
GreenOak Real Estate And SlatePropertyGroup Acquire Condo At 271 West 47th Street For $280M
271 West 47th Street, New York, NY, USA
See Similar Deals463,143 SF
Sold 11/28/2017
Summary
NEW YORK
Price Per Square Foot:$604
Total Square Footage:463,143 SF
Transaction Type:Sale
GreenOak Real Estate and Slate Property Group have acquired a condo property located at 271 West 47th Street in a transaction on November 28, 2017. The seller, Jack Parker Corporation, completed the sale for a total price of $280,000,000. This property spans 463,143 square feet and consists of 464 units.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $280,000,000
- Square Footage: 463,143
- Address: 271 West 47th Street
James Kuhn, David Colen, and Michael Byrne from Newmark Knight Frank brokered the deal between GreenOak Real Estate, Slate Property Group, and Jack Parker Corporation. Martin Nussbaum, David Schwartz, and Sonny Kalsi were also involved in the acquisition.
Players
BUYER
SELLER
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$14,933,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$994,780.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,327,342.85
Annual Debt Service$15,928,114.19
Is there something missing? Send suggestions