Seavest Healthcare Properties Acquires Office Building In Midtown West For $47.5M
355 W. 52nd St.
Building Size
—
Asset Type
—
Closing
Jun 14, 2022
About this deal
AI
The office building located at 355 W. 52nd St. in Midtown West has been sold for a total price of $47,500,000. The property spans a total of 57,000 square feet, resulting in a price per square foot of $833. The sale was completed on 06/14/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $47,500,000
- Address: 355 W. 52nd St.
- Market: Midtown West
The buyer in this transaction was Seavest Healthcare Properties and they were represented by their broker, Jeff Organisciak from Eastdil Secured LLC. The seller of the property was Opus Magnum Inc. The deal was facilitated by Eastdil Secured LLC.
On the Map
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93