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
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