Blue Castle Investments LLC Acquires $70.5M Condo In Midtown East
Midtown East, New York City, New York, United States
$70,500,000
Building Size
—
Asset Type
—
Closing
May 4, 2022
About this deal
AI
The recent sale of a condo in Midtown East has caught the attention of real estate enthusiasts. The property, located in an undisclosed address, was sold on May 5, 2022. The asset, a spacious condo, was sold for an impressive price tag of $70,500,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $70,500,000
- Market: Midtown East
The deal involved two key parties. The buyer, known as Blue Castle Investments LLC, showed keen interest in acquiring the condo. On the other side, Blessings Investments Lp acted as the seller. The transaction, facilitated by their respective representatives, was successfully completed on the specified date.
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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93