Updated Oct 29, 2024
Columbia Property Trust Acquires 114 5th Ave New York From Allianz SE For $220 Million
114 5th Ave, New York, NY, 10011
$220,000,000
$625/SF
Building Size
352,000 SF
Asset Type
MultiFamily
Closing
Nov 20, 2023
About this deal
AI
The property located at 114 5th Ave, New York, NY, 10011, was sold for a transaction amount of $220,000,000.00. This asset encompasses a total square footage of 352,000 in the New York market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $220,000,000.00
- Address: 114 5th Ave, New York, NY, 10011
- Market: New York
- Buyer: Columbia Property Trust
- Seller: Allianz SE
- Buyer's Representative: Graham Stephens
The transaction involved key entities, with Columbia Property Trust acting as the buyer and represented by Graham Stephens. Allianz SE was the seller in this deal, facilitating the transfer of the property in the competitive New York market.
On the Map
$220,000,000
$625/SF
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Graham Stephens to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93