Benchmark Real Estate Group And Icon Realty Acquire Mixed-Use Asset From FEB Limited For $81M
41 White St, 43 45 White St, 74 Franklin St & 61 63 East 3rd St
$81,000,000
$242/SF
Building Size
334,440 SF
Asset Type
Mixed-use
Closing
Jul 31, 2017
AI
The property involved in this transaction is a mixed-use asset located at 41 White St in New York. The sale was completed on July 31, 2017, for a transaction amount of $81,000,000. The property has a total square footage of 83,610.0.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $81,000,000.00
- Address: 41 White St
- Market: New York
- Square Footage: 83,610.0
- Buyer: Benchmark Real Estate Group/Icon Realty
- Seller: FEB Limited, LLC
- Broker: Barak Jacobov
The transaction involved Benchmark Real Estate Group/Icon Realty as the buyer and FEB Limited, LLC as the seller. The broker representing the deal was Barak Jacobov.
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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93