Afiaa Acquires Mixed-Use Property In Chelsea For $99.35M
158 W 27th St, New York, NY 10001, USA
$99,350,000
$836/SF
Building Size
118,766 SF
Asset Type
Mixed-use
Closing
Oct 24, 2019
About this deal
AI
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).
On the Map
$99,350,000
$836/SF
Mixed-use
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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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93