SL Green Realty Acquires Mixed-Use Property In Times Square For $121M
1601 Broadway, New York, NY 10019, USA
$121,000,000
$137/SF
Building Size
878,803 SF
Asset Type
Mixed-use
Closing
Sep 24, 2021
About this deal
AI
SL Green Realty has acquired a mixed-use property located at 1601 Broadway in Times Square for a price of $121,000,000. The property is a part of the bustling Times Square market and offers a range of uses.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $121,000,000
- Address: 1601 Broadway
- Market: Times Square
This noteworthy transaction was finalized on September 24, 2021. Harrison Sitomer, Marc Holliday, and Andrew Matthias were involved in the deal, highlighting their significance in the purchase of this property.
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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93