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53 W 36th St, New York, NY,...

Fatollah Hematian Purchases 53 W 36th St From Hidrock Realty For $54M In New York
SOLD

Fatollah Hematian Purchases 53 W 36th St From Hidrock Realty For $54M In New York

53 W 36th St, New York, NY, 10018

$54,000,000

$688/SF

Building Size

78,426 SF

Asset Type

Closing

Nov 19, 2023

AI

The property asset involved in this transaction is located at 53 W 36th St, New York, NY, 10018, with a market presence in New York. The transaction price for the property was $54,000,000, and it encompasses a total area of 78,426 square feet.

Summary of transaction details:

This transaction involved several key individuals and companies. The buyer, Fatollah “Effy” Hematian, engaged in the purchase from Hidrock Realty, while the deal was supported by multiple representatives and brokers, including Jason Goldy, Jason M. Gold, and Jon Caplan representing the seller, and brokers Daniel Lolai and Glenn Tolchin facilitating the transaction.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

92 deals

Broker
Colliers
ColliersBrokerage
JLL
JLLBrokerage
Hidrock Properties
Hidrock PropertiesSeller

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

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93