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Cushman & Wakefield Brokers Complete $32M Mixed-Use Sale In Midtown Manhattan

Property Image
SOLD
$32,000,000
Robert Burton
Bobby Carrozzo
+ 1

New York

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Mixed-use54,838 SF
Sold 03/11/2022
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Property Image
SOLD

Cushman & Wakefield Brokers Complete $32M Mixed-Use Sale In Midtown Manhattan

105 West 55th Street, New York City, New York 10019, United States

See Similar Deals
Mixed-use54,838 SF
Sold 03/11/2022
Robert Burton
Bobby Carrozzo
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$583
Total Square Footage:54,838 SF
Transaction Type:Sale

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

Robert Burton
35 deals$618M volume
BROKER

Bobby Carrozzo
Cushman & Wakefield
36 deals$434.7M volume
BROKER

Will Conrad
Cushman & Wakefield
26 deals$263.3M volume
BROKER

Damani Strasner
Cushman & Wakefield
5 deals$66.5M volume
BROKER

Details

SOLD
IMAGE: Robert Burton, Bobby Carrozzo, Will Conrad & Damani Strasner DATE: 03/11/2022 ADDRESS: 105 West 55th Street MARKET: Midtown ASSET TYPE: Mixed-use BROKERS: Robert Burton (@Downtown_Soho_Investment_Sales), Bobby Carrozzo (@Bobby_Carrozzo), Will Conrad (@WtConrad) & Damani Strasner - Cushman & Wakefield (@CushWake) SALE PRICE: $32,000,000 SF: 54,838 ~ PPSF: $583

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$113,689.24
Cash-on-Cash Return-1.27%
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