facebook
Traded Co logo
Submit

Alchemy - ABR Investment Partners Acquires Mixed-Use Property At 125 West 57th Street, Midtown Manhattan

Property Image
FINANCED
$250,000,000
Adam Steinberg
Simon Ziff
+ 3

New York

See Similar Deals
Mixed-use191,261 SF
Financed 06/15/2020
the dealplayerscompscontact
Property Image
FINANCED

Alchemy - ABR Investment Partners Acquires Mixed-Use Property At 125 West 57th Street, Midtown Manhattan

125 West 57th Street, Manhattan, New York, NY 10019, USA

See Similar Deals
Mixed-use191,261 SF
Financed 06/15/2020
Adam Steinberg
Simon Ziff
+ 3
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,307
Total Square Footage:191,261 SF
Transaction Type:Loan

The mixed-use property located at 125 West 57th Street in Midtown has recently undergone a closed transaction. The loan amount for this property was $250,000,000. The lenders involved in this deal were Security Benefit Life and CAIN International.

Summary of Transaction Details

  • Property Type: Mixed-use
  • Transaction Amount: $250,000,000
  • Address: 125 West 57th Street
  • Market: Midtown

The property transaction was facilitated by the landlord, which includes Alchemy - ABR Investment Partners represented by Brian Ray, Ken Horn, and Joel Breitkopf, and Cain International represented by Jonathan Goldstein and Eric Poretsky. The brokers involved in this deal were Max Herzog, Evan Pariser, and Marko Kazanjian from JLL, as well as Adam Steinberg, Marc Warren, and Simon Ziff from Ackman-Ziff.

Players

Evan Pariser
14 deals$2.2B volume
BROKER

Marko Kazanjian
Institutional Property Advisors
71 deals$5.4B volume
BROKER

Max Herzog
Institutional Property Advisors
80 deals$5.4B volume(212) 430-5165
BROKER

Simon Ziff
Ackman-Ziff
11 deals$2B volume
BROKER

Marc Warren
1 deal$250M volume
BROKER

Adam Steinberg
1 deal$250M volume
BROKER

Cain International
LENDER

Details

FINANCED
IMAGE: Eric Poretsky, Jonathan Goldstein, Max Herzog, Brian Ray, Marko Kazanjian, Ken Horn, Evan Pariser & Joel Breitkopf DATE: 06/15/2021 ADDRESS: 125 West 57th Street MARKET: Midtown ASSET TYPE: Mixed-use LENDER: Security Benefit Life & CAIN International LANDLORD: Alchemy - ABR Investment Partners - Brian Ray, Ken Horn & Joel Breitkopf, Cain International - Jonathan Goldstein & Eric Poretsky BROKERS: Max Herzog, Evan Pariser & Marko Kazanjian - JLL & @AckmanZiff - Adam Steinberg, Marc Warren, & Simon Ziff LOAN AMOUNT: $250,000,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$250,000,000.00

Monthly NOI$1,666,666.67
Monthly Debt Service$1,580,170.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00