SOLD
Buyer Brian Ezratty Of Newmark Represents $100 Million Sale By 29th Street Partners In New York
30 E 29th St, New York, NY, 10016
$100,000,000
$4,569/SF
Building Size
21,885 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property involved in the transaction is located at 30 E 29th St, New York, NY, 10016. It has a total square footage of 21,885 and was sold for $100,000,000.00, in the New York market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $100,000,000.00
- Address: 30 E 29th St, New York, NY, 10016
- Square Footage: 21,885
- Seller: 29th Street Partners
- Buyer's Representative: Brian Ezratty - Newmark
The transaction involved a buyer represented by Brian Ezratty from Newmark, with 29th Street Partners acting as the seller in this 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93