Greystar Acquires Residential Property In NoMad From Equity Residential For $237.5M
800 Avenue of the Americas, New York, NY 10001, USA
$237,500,000
$84,821/SF
Building Size
2,800 SF
Asset Type
Co-Op
Closing
Apr 16, 2019
About this deal
AI
An residential property located at 800 Sixth Ave in the NoMad neighborhood has been sold for $237,500,000. The property consists of 266 units, with a price per unit of $892,857. The sale of this property was finalized on April 17, 2019.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $237,500,000
- Address: 800 Sixth Ave
- Market: NoMad
- Units: 266
- Price Per Unit: $892,857
Gresytar purchased the property from Equity Residential. The seller's representatives in this deal were Doug Harmon, Adam Spies, Marcella Fasulo, and Adam Doneger from CushWake.
Players
New York Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93