Updated Oct 13, 2026
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
About this deal
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.
On the Map
$257,000,000
$1,538/SF
Commercial
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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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93