Westgate Resorts Acquires Property At 305 E 41st St New York For $50 Million Represented By John Basting
305 E 41st St, New York, NY, 10017
$50,000,000
Building Size
—
Asset Type
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Closing
Nov 20, 2023
AI
The property asset involved in this transaction is located at 305 E 41st St, New York, NY, 10017. The transaction was executed in the New York market at a price of $50,000,000.00. The property has a square footage of 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $50,000,000.00
- Address: 305 E 41st St, New York, NY, 10017
- Market: New York
- Buyer: Westgate Resorts
- Seller's Representative: John Basting-Cushman & Wakefield
This transaction features Westgate Resorts as the buyer of the property, while John Basting of Cushman & Wakefield acted as the seller's representative throughout the deal, ensuring a facilitated transaction process.
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93