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
About this deal
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.
The mixed use sale at 41 West 57th St in NYC, New York sold for $80M in 2017. 41 West 57th St is classified as Mixed Use on Traded. Josh Augenbaum, Asuman Polat, Demir Sabanci, Augenbaum Realty appear on the sale alongside Augenbaum Realty. This page is the NYC, New York file for the 41 West 57th St mixed use sold: pricing, party profiles, and other closed mixed use comps from the same NYC sit in the Market section below. Filter that NYC mixed use set by closing date to see what else sold near 41 West 57th St around 2017. Published consideration for 41 West 57th St is $80M, dated 2017. Cite this Demir Sabanci Acquires Mixed-Use Property From Asuman Polat For $80 Million At 41 West 57th St sale when underwriting similar mixed use product around NYC, New York.
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