PCCP Acquires Property From Kalimian Family For $37.7 Million With Buyer’s Rep Guthrie Garvin
125 E 54th St, New York, NY, 10022
$37,700,000
Building Size
—
Asset Type
Mixed-use
Closing
Nov 11, 2022
AI
The property involved in this transaction is located at 125 E 54th St, New York, NY, 10022. The transaction price for the property was $37,700,000.00, and the property falls within the New York market. The total square footage for the property is 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $37,700,000.00
- Address: 125 E 54th St, New York, NY, 10022
- Market: New York
- Buyer: PCCP
- Seller: Kalimian Family
- Buyer's Representative: Guthrie Garvin-JLL
The deal highlights the involvement of PCCP as the buyer and the Kalimian Family as the seller, with Guthrie Garvin representing the buyer through JLL in this transaction.
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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93