Benchmark Real Estate Group And Icon Realty Acquire Mixed-Use Asset From FEB Limited For $81M
SOLD
$81,000,000
New York
See Similar DealsMixed-use334,440 SF
Sold 07/31/2017
SOLD
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
See Similar DealsMixed-use334,440 SF
Sold 07/31/2017
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$242
Total Square Footage:334,440 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,320,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$287,775.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$383,981.32
Annual Debt Service$4,607,775.89
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