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58 West 58th St

Demir Sabanci Acquires Mixed-use Asset At 58 West 58th St For $71.5M From Haddash
SOLDMixed-use

Demir Sabanci Acquires Mixed-use Asset At 58 West 58th St For $71.5M From Haddash

58 West 58th St

$71,500,000

Building Size

Asset Type

Mixed-use

Closing

Sep 12, 2012

AI

The asset involved in this transaction is a mixed-use property located at 58 West 58th St. The sale took place on September 12, 2012, with a transaction amount of $71,500,000.00.

Summary of transaction details:

In this transaction, the buyer was represented by Demir Sabanci while the seller was represented by Haddash. The broker handling the deal was Josh Augenbaum from Augenbaum Realty, facilitating the transaction between the involved parties.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$655M

vol

148 deals

Broker

Demir Sabanci

Buyer

$444M

vol

9 deals

Buyer
H
HaddashSeller

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

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93