Ralph Sitt Acquires Mixed-Use Property At 711 Madison Ave From Ziggy Rutan For $47M
711 Madison Ave
$47,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Dec 1, 2013
About this deal
AI
The property asset involved in the transaction is a mixed-use asset located at 711 Madison Ave, New York. The sale occurred on 12/01/2013, with a transaction amount of $47,000,000.00.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $47,000,000.00
- Address: 711 Madison Ave
- Market: New York
- Buyer: Ralph Sitt
- Seller: Ziggy Rutan
- Brokers: Robert Khodadadian (Skyline Properties)
The key individuals in this deal include the buyer Ralph Sitt and the seller Ziggy Rutan, both of whom played significant roles in the transaction. Robert Khodadadian from Skyline Properties represented the seller in this deal.
On the Map
$47,000,000
Mixed-use
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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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93