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
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