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:
- Property Type: Mixed-use
- Transaction Amount: $71,500,000.00
- Address: 58 West 58th St
- Buyer: Demir Sabanci
- Seller: Haddash
- Broker: Josh Augenbaum (Augenbaum Realty)
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
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