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47 E 34th St, New York, NY,...

TLM Equities Acquires Property From Affiliates Of CIM Group For $80M In New York
SOLDCommercial

TLM Equities Acquires Property From Affiliates Of CIM Group For $80M In New York

47 E 34th St, New York, NY, 10016

$80,000,000

Building Size

Asset Type

Commercial

Closing

Nov 19, 2023

AI

The property located at 47 E 34th St, New York, NY, 10016 is a transaction in the New York market. The deal involves a total price of $80,000,000.00, with a square footage of 0. The seller of the property is Affiliates of CIM Group.

Summary of transaction details:

The buyer, TLM Equities, has acquired the property as part of their investment strategy. The transaction was facilitated by a team of representatives from Newmark, highlighting their role in connecting the buyer with the seller during the negotiation process.

Players

Adam Doneger

Newmark

Broker

$50.2B

vol

190 deals

Broker
Avery Silverstein
Verified Badge

Avery Silverstein

Newmark

Broker

$15.1B

vol

65 deals

Broker
TE
TLM EquitiesBuyer

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