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:
- Property Type: Not specified
- Transaction Amount: $54,000,000.00
- Address: 53 W 36th St, New York, NY, 10018
- Market: New York
- Buyer: Fatollah “Effy” Hematian
- Seller: Hidrock Realty
- Seller's Representatives: Jason Goldy-Meridian Capital Group, Jason M. Gold-Ariel Property Advisors, Jon Caplan-JLL
- Brokers: Daniel Lolai-LSL Advisors, Glenn Tolchin-Upland Property Advisors
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
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