SOLDMixed-use
Demir Sabanci Acquires Mixed-use Property At 41 West 57th St From Kamrim Hakim For $30M
41 West 57th St
$30,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Oct 17, 2017
AI
The property asset is a mixed-use building located at 41 West 57th St. The transaction was completed on October 17, 2017, with a sale price of $30,000,000.00.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $30,000,000.00
- Buyer: Demir Sabanci
- Seller: Kamrim Hakim
- Brokers: Josh Augenbaum - Augenbaum Realty
Demir Sabanci represented the buyer in this transaction, while Kamrim Hakim was the seller. Josh Augenbaum from Augenbaum Realty facilitated the deal as the broker.
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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93