Afiaa Acquires Mixed-Use Property In Chelsea For $99.35M
SOLD
$99,350,000
+ 3
New York
See Similar DealsMixed-use118,766 SF
Sold 10/25/2019
SOLD
Afiaa Acquires Mixed-Use Property In Chelsea For $99.35M
158 W 27th St, New York, NY 10001, USA
See Similar DealsMixed-use118,766 SF
Sold 10/25/2019
+ 3
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$836
Total Square Footage:118,766 SF
Transaction Type:Sale
The mixed-use property located at 158 West 27th Street in Chelsea has been sold for a total of $99,350,000. Spanning across 118,766 square feet, the property is valued at an average rate of $836 per square foot.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $99,350,000
- Address: 158 West 27th Street
- Market: Chelsea
The sale was brokered by Adam Spies, Douglas Harmon, Josh King, Marcella Fasulo, and others. Their expertise and industry knowledge played a vital role in facilitating the transaction on behalf of the seller, ASB Capital Management, and the buyer, Afiaa (Swiss Foundation for International Real Estate Investments).
Players
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,298,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$352,969.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$470,969.69
Annual Debt Service$5,651,636.23
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