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125 West 57th Street, Manha...

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

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

$250,000,000

$1,307/SF

Building Size

191,261 SF

Asset Type

Mixed-use

Closing

Jun 15, 2020

AI

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

JLL

Broker

$2.2B

vol

14 deals

Broker
Cain International
Cain InternationalLender

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan 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