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540 W 26th St, New York, NY...

Ramrock Real Estate LLC Acquires Property From Silvermintz Family For $257 Million In New York
SOLDCommercial

Ramrock Real Estate LLC Acquires Property From Silvermintz Family For $257 Million In New York

540 W 26th St, New York, NY, 10001

$257,000,000

$1,538/SF

Building Size

167,000 SF

Asset Type

Commercial

Closing

Aug 1, 2018

AI

The property asset involved in the transaction is located at 540 W 26th St, New York, NY, 10001. The sale price of the property was $257,000,000.00 and it encompasses a total square footage of 167,000. The market for this transaction is New York.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $257,000,000.00
  • Address: 540 W 26th St, New York, NY, 10001
  • Market: New York
  • Buyer: Ramrock Real Estate LLC
  • Seller: Silvermintz Family
  • Buyer's Representative: James G. Stein - Lincoln Property Company
  • Seller's Representative: Kevin Donner - Newmark
  • Total Square Footage: 167,000

The transaction involved key representatives in the real estate market. James G. Stein from Lincoln Property Company represented the buyer, Ramrock Real Estate LLC, while Kevin Donner from Newmark represented the seller, Silvermintz Family. The collaboration of these representatives facilitated the property sale.

Players

Kevin Donner

Newmark

Broker

$10.1B

vol

48 deals

Broker
RL
Ramrock Real Estate LLCBuyer

Silvermintz Family

Seller

$517M

vol

2 deals

Seller

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93