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56 West 66th Street

Hebrew Union College Acquires Mixed-Use Property At 56 West 66th Street From Disney For $32M
SOLDMixed-use

Hebrew Union College Acquires Mixed-Use Property At 56 West 66th Street From Disney For $32M

56 West 66th Street

$32,000,000

$749/SF

Building Size

42,674 SF

Asset Type

Mixed-use

Closing

Feb 7, 2025

AI

The property asset involved in this transaction is a mixed-use building located at 56 West 66th Street in Manhattan. It was sold for a total amount of $32,000,000, encompassing a total square footage of 42,674 square feet, resulting in a price per square foot of $749.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $32,000,000
  • Address: 56 West 66th Street
  • Market: Manhattan
  • Square Footage: 42,674
  • Price Per Square Foot: $749
  • Buyer: Hebrew Union College
  • Seller: Disney
  • Broker: David Schechtman - Meridian Capital Group & Will Silverman - Eastdil
  • Buyer's Representative: David Carlos - JLL

The key individuals involved in the transaction include the buyer, Hebrew Union College, and the seller, Disney. The brokers representing the deal are David Schechtman from Meridian Capital Group and Will Silverman from Eastdil, while the buyer's representative is David Carlos from JLL.

Players

David Carlos

Savills

Broker

$575.7M

vol

5 deals

Broker
Eastdil Secured
Eastdil SecuredBrokerage
JLL
JLLBrokerage

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

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93