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105 West 55th Street, New Y...

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

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

Robert Burton

Cushman & Wakefield

Broker

$627.5M

vol

36 deals

Broker

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