Fred Rich LLC And Richard Ohebshalom Acquire Land At 111 Washington For $57.5M
111 Washington
$57,500,000
$145/SF
Building Size
395,717 SF
Asset Type
Land
Closing
Jun 30, 2011
About this deal
AI
The property asset involved in this transaction is land located at 111 Washington in the New York market. The sale concluded on June 30, 2011, with a total transaction price of $57,500,000.00 for a square footage of 395,717.0.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $57,500,000.00
- Address: 111 Washington
- Market: New York
- SF: 395,717.0
- Buyer: Fred Rich LLC and Richard Ohebshalom
- Seller: Term-Washington Street Garage Corp. and Gerald Brauser
- Broker: Khashy Eyn - Platinum Commercial
This transaction involved key individuals and companies including the buyer represented by Fred Rich LLC and Richard Ohebshalom, and the seller represented by Term-Washington Street Garage Corp. and Gerald Brauser. Khashy Eyn from Platinum Commercial was responsible for brokerage services in this deal.
Players
New York Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Visit Khashy Eyn to view all their deals.
Browse New York land sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93