Wafra Capital Partners Acquires 105 Wall St New York For $175 Million From Zurich American Insurance Co
SOLD
$175,000,000
New York
See Similar DealsOffice1 SF
SOLD
Wafra Capital Partners Acquires 105 Wall St New York For $175 Million From Zurich American Insurance Co
105 Wall St, New York, NY, 10005
See Similar DealsOffice1 SF
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$175,000,000
Total Square Footage:1 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$9,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$621,738.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$829,589.28
Annual Debt Service$9,955,071.37
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