Wafra Capital Partners Acquires 105 Wall St New York For $175 Million From Zurich American Insurance Co
105 Wall St, New York, NY, 10005
$175,000,000
$175,000,000/SF
Building Size
1 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property at 105 Wall St, New York, NY, 10005 has been sold for $175,000,000.00. This transaction encompasses a single asset in the competitive New York market, showcasing its high value in a densely populated area.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $175,000,000.00
- Address: 105 Wall St, New York, NY, 10005
- Market: New York
- Seller: Zurich American Insurance Co
- Buyer: Wafra Capital Partners
- Seller's Representative: Jimmy Kuhn-Newmark Grubb Knight Frank
This transaction involved notable parties including Zurich American Insurance Co as the seller and Wafra Capital Partners as the buyer, with the deal being represented by Jimmy Kuhn from Newmark Grubb Knight Frank. The involvement of established entities highlights the significance of this transaction within the market.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93