Feil Organization, BLDG Management, And Nakash Holdings Acquire Mixed-Use Property In Midtown West For $31M
140 W 57th St, New York, NY 10019, USA
$31,000,000
$34/SF
Building Size
900,000 SF
Asset Type
Mixed-use
Closing
Apr 29, 2020
About this deal
AI
The mixed-use property located at 140 West 57th Street has been involved in a closed transaction. The property sits in the Midtown West market and spans a total area of 90,000 square feet.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $31,000,000
- Address: 140 West 57th Street
- Market: Midtown West
The key individuals and companies involved in this deal include Jeffrey Feil representing the Feil Organization, Lloyd Goldman representing BLDG Management, and Joseph Nakash representing Nakash Holdings. The lending institution for this transaction was M&T Bank.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93