Marc Ehrlich Of Indigo 260W 52nd LLC And Will Milam Of Morgan Stanley Acquire Mixed-Use Property For $103.85M
260 West 52nd Street
$103,850,227
$545/SF
Building Size
190,289 SF
Asset Type
Mixed-use
Closing
Sep 27, 2026
About this deal
AI
The mixed-use asset located at 260 West 52nd Street in Manhattan was involved in a sale transaction valued at $103,850,227. This property encompasses a total square footage of 190,289, resulting in a price per square foot of $546. The transaction included a loan amount of $25,000,000 from Equitable Financial Life Insurance Company.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $103,850,227
- Loan Amount: $25,000,000
- Buyer: Marc Ehrlich - Indigo 260W 52nd LLC
- Buyer: Will Milam - Morgan Stanley
- Seller: Roslingate Company
- Lender:Equitable Financial Life Insurance Company
- Square Footage: 190,289
- Price Per Square Foot: $546
Marc Ehrlich represented both the seller, Roslingate Company, and the new owner, Indigo 260W 52nd LLC, signifying his role in executing the transaction. Will Milam of Morgan Stanley is associated with the $25 million mortgage from Equitable, indicating a recapitalization that reflects the strategic intentions of the new owner.
On the Map
$103,850,227
$545/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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93