Joel Picket’s The Gotham Organization Acquires Mixed-Use Property In Manhattan For $78M
SOLD
New York
See Similar DealsMixed-use164,000 SF
Sold 11/29/2020
SOLD
Joel Picket’s The Gotham Organization Acquires Mixed-Use Property In Manhattan For $78M
460 W 41st St, New York, NY 10036, USA
See Similar DealsMixed-use164,000 SF
Sold 11/29/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:164,000 SF
Transaction Type:Sale
The mixed-use property located at 460 West 41st Street in Manhattan has been sold for a price of $78,000,000. The property, spanning 164,000 square feet, was sold at a rate of $475 per square foot. The transaction involved the seller, Covenant House, and the buyer, Joel Picket's The Gotham Organization.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $78,000,000
- Address: 460 West 41st Street, New York
- Market: Manhattan
Joel Picket's The Gotham Organization represented the buyer in the deal. The transaction is currently in the contract stage. It is reported that Gotham will eventually develop a "ground-up, mixed-use, mixed-income residential building." However, prior to that, Gotham will construct a new "purpose-built" facility.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
Is there something missing? Send suggestions