Cushman & Wakefield Brokers Complete $32M Mixed-Use Sale In Midtown Manhattan
105 West 55th Street, New York City, New York 10019, United States
$32,000,000
$583/SF
Building Size
54,838 SF
Asset Type
Mixed-use
Closing
Mar 10, 2022
AI
Located at 105 West 55th Street in Midtown, this mixed-use property recently changed hands in a sale transaction. The deal was brokered by Robert Burton, Bobby Carrozzo, Will Conrad, and Damani Strasner of Cushman & Wakefield. The property spans across 54,838 square feet, and the sale price amounted to $32,000,000, resulting in a price per square foot of $583.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $32,000,000
- Address: 105 West 55th Street
- Market: Midtown
This successful transaction involved the collaboration of Robert Burton, Bobby Carrozzo, Will Conrad, and Damani Strasner. As representatives of Cushman & Wakefield, these brokers played a crucial role in facilitating the deal. Their expertise and negotiation skills contributed to the sale of this valuable mixed-use property in Midtown.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93