Daryl Katz Acquires Midtown Condo From Vornado Realty Trust For $36M
Midtown, New York City, New York, United States
$36,000,000
Building Size
—
Asset Type
—
Closing
Jul 31, 2022
About this deal
AI
Daryl Katz and Steven Roth have completed the sale of a condo property in Midtown. The condo was sold by Vornado Realty Trust for a total of $36,000,000 on 08/01/2022. The exact address and square footage of the condo are not provided in the available information.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $36,000,000
Daryl Katz, who is associated with the Edmonton Oilers, bought the condo property. Vornado Realty Trust acted as the seller in this transaction.
The commercial sale at Midtown, New York City, New York, United States in New York, New York sold for $36M in 2022. Vornado Realty Trust appears on the sale alongside Vornado Realty Trust. This page is the New York, New York file for the Midtown, New York City, New York, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same New York sit in the Market section below. Filter that New York commercial set by closing date to see what else sold near Midtown, New York City, New York, United States around 2022. Published consideration for Midtown, New York City, New York, United States is $36M, dated 2022. Cite this Daryl Katz Acquires Midtown Condo From Vornado Realty Trust For $36M sale when underwriting similar commercial product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93