Updated Mar 11, 2025
Atlas Capital Group & Zeckendorf Development Acquires Mixed-Use Property In West Village, Manhattan For $350M
570 Washington St, New York City, New York 10014, United States
$350,000,000
$1,750/SF
Building Size
200,000 SF
Asset Type
MultiFamily
Closing
Feb 8, 2022
About this deal
AI
570 Washington Street, a mixed-use property located in the West Village of Manhattan, has been sold in a closed transaction. The property spans across 1.3 acres, making it a significant asset in the area.
Summary of transaction details:
- Property Type: Mixed-use
- Sale Price: $350,000,000
- Date: 02/09/2022
- Market: West Village, Manhattan
- Buyer: Atlas Capital Group & Zeckendorf Development
- Seller: Westbrook Partners
- Brokers: Adam Spies, Adam Doneger & Doug Harmon - Cushman & Wakefield
In this transaction, the buyer, comprised of Atlas Capital Group and Zeckendorf Development, acquired 570 Washington Street from the seller, Westbrook Partners. The deal was facilitated by brokers Adam Spies, Adam Doneger, and Doug Harmon from Cushman & Wakefield.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93