SOLDMixed-use
Demir Sabanci Acquires Mixed-Use Property From Asuman Polat For $80 Million At 41 West 57th St
41 West 57th St
$80,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Oct 23, 2017
AI
The property at 41 West 57th St is a mixed-use asset that was sold for a total of $80,000,000.00. This transaction took place on October 23, 2017.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $80,000,000.00
- Buyer: Demir Sabanci
- Seller: Asuman Polat
- Broker: Josh Augenbaum - Augenbaum Realty
Demir Sabanci acquired the property from seller Asuman Polat with the representation of broker Josh Augenbaum from Augenbaum Realty during this transaction.
Players
NYC 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93