Northwood Investors Acquires 1180 Sixth Avenue In Manhattan For $305M
1180 Avenue of the Americas, New York, NY 10036
$236,600,000
$721/SF
Building Size
327,766 SF
Asset Type
Office
Closing
Feb 15, 2018
AI
Northwood Investors, led by John Kukral, has closed on the $305 million purchase of the property located at 1180 Sixth Avenue in Manhattan, New York. The building is owned by Northwood Investors and stands as a valuable asset in the market.
Summary of transation details
- Property Type: Not specified
- Transaction Amount: $305 million
- Landlord: Northwood Investors - John Kukral
The loan used for this transaction was provided by the Royal Bank of Canada, with CEO David McKay overseeing the process. In arranging the deal, NKF Capital Markets, represented by Jordan Roeschlaub and Dustin Stolly, played a significant role in facilitating the transaction.
Jordan Roeschlaub, a representative from NKF Capital Markets, brings 10 years of experience in real estate investment banking. He has executed over $15.0 billion worth of capital markets transactions, becoming the top producing debt and equity finance professional for NKF nationally in both 2017 and 2016.
For more information, visit the Instagram post shared by Jordan Roeschlaub at this link.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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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