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41 White St

Benchmark Real Estate Group And Icon Realty Acquire Mixed-Use Asset From FEB Limited For $81M
SOLDMixed-use

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

Barak Jacobov

GFI Realty Services

Broker

$152.6M

vol

4 deals

Broker
GFI Realty Services
GFI Realty ServicesBrokerage
Icon Realty Management
Icon Realty ManagementBuyer

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