A&E Acquires Mixed-Use Property At 400 East 58th Street From @SLGreen_Realty
400 E 58th St, New York, NY 10022, USA
$62,000,000
$442/SF
Building Size
140,000 SF
Asset Type
Mixed-use
Closing
Sep 8, 2020
AI
The mixed-use property located at 400 East 58th Street has been sold in a recent transaction. The details of the deal include the following:
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
The buyer involved in the transaction is A&E, represented by Douglas Eisenberg. On the other side, the seller is @SLGreen_Realty, with Andrew Mathias and Marc Holliday playing key roles in the deal. The brokers who facilitated this transaction include Andrew Sasson, Chad Sinsheimer, and Marc Sznajderman from Ackman-Ziff.
Unfortunately, no additional information about the property or the transaction is available at this time.
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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93