12 West 48th Street LLC Acquires Property At 12 W 48th St New York For $50M
12 W 48th St, New York, NY, 10036
$50,000,000
Building Size
—
Asset Type
Condo
Closing
Apr 22, 2022
About this deal
AI
The transaction involved a sale at 12 W 48th St, New York, NY, 10036, located in the New York market. The property was sold for $50,000,000.00, and the total square footage of the property is 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $50,000,000.00
- Address: 12 W 48th St, New York, NY, 10036
- Market: New York
- Buyer: 12 West 48th Street LLC
- Seller's Representatives: Craig Waggner (Cushman & Wakefield), John Ciraulo (Cushman & Wakefield)
The key individuals in this transaction include the buyer, 12 West 48th Street LLC, and the seller's representatives, Craig Waggner and John Ciraulo, both from Cushman & Wakefield, facilitating the deal on behalf of the seller.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93