Empire State Realty Trust Sells Office Buildings In White Plains & Harrison For $95M
10 Bank Street, New York City, New York 10014, United States
$95,000,000
Building Size
—
Asset Type
Office
Closing
Nov 7, 2022
About this deal
AI
The property involved in this transaction is an office asset located at 10 Bank Street & 500 Mamaroneck Avenue, in the markets of White Plains and Harrison. The property was in contract and is currently not available for purchase. The seller of the property was Empire State Realty Trust. The transaction price for this office asset was $95,000,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $95,000,000
- Date: 11/07/2022
- Seller: Empire State Realty Trust
- Address: 10 Bank Street & 500 Mamaroneck Avenue
- Market: White Plains & Harrison
In this deal, Tony Malkin was involved as the representative of the seller, Empire State Realty Trust.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93