SOLDMixed-use
Demir Sabanci Purchases Mixed-Use Property At 43 West 57th St From Llardo For $44M
43 West 57th St
$44,000,000
Building Size
—
Asset Type
Mixed-use
Closing
May 17, 2011
AI
The asset involved in this transaction is a mixed-use property located at 43 West 57th St. The property was sold for $44,000,000.00.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $44,000,000.00
- Buyer: Demir Sabanci
- Seller: Llardo
- Broker: Josh Augenbaum (Augenbaum Realty)
- Sale Date: 05/17/2011
The deal was facilitated by broker Josh Augenbaum representing the seller, Llardo, in this transaction. The involvement of the parties signifies a definitive transfer of ownership in the mixed-use property.
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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93