Updated Dec 4, 2024
Meadow Partners Acquires 301 1st Ave New York From CIM Group For $81M With Rep David Schechtman
301 1st Ave, New York, NY, 10003
$81,000,000
Building Size
—
Asset Type
Commercial
Closing
Feb 15, 2019
About this deal
AI
The property asset involved in this transaction is located at 301 1st Ave, New York, NY, 10003. The sale price for this asset was $81,000,000.00, and it has a square footage of 0 in the New York market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $81,000,000.00
- Buyer: Meadow Partners
- Seller: CIM Group
- Buyer's Representative: David Schechtman - Meridian Capital Group
This transaction highlights the involvement of Meadow Partners as the buyer and CIM Group as the seller, with David Schechtman from Meridian Capital Group serving as the buyer's representative in this deal.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93