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7 West 51st St

Demir Sabanci Purchases Mixed-Use Property From Adam Parkoff For $31.5M In New York
SOLDMixed-use

Demir Sabanci Purchases Mixed-Use Property From Adam Parkoff For $31.5M In New York

7 West 51st St

$31,500,000

Building Size

Asset Type

Mixed-use

Closing

Nov 11, 2011

AI

The transaction involved a mixed-use property located at 7 West 51st St in New York. The asset was sold for a total price of $31,500,000.00, reflecting its market value and characteristics.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $31,500,000.00
  • Address: 7 West 51st St
  • Market: New York
  • Buyer: Demir Sabanci
  • Seller: Adam Parkoff
  • Brokers: Josh Augenbaum - Augenbaum Realty

Demir Sabanci completed the purchase of the mixed-use property, with Adam Parkoff acting as the seller. The deal was facilitated by broker Josh Augenbaum, representing the interests involved in the transaction.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker

Demir Sabanci

Buyer

$80M

vol

1 deal

Buyer

Adam Parkoff

Seller

$71.6M

vol

4 deals

Seller

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