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105 Wall St, New York, NY, ...

Wafra Capital Partners Acquires 105 Wall St New York For $175 Million From Zurich American Insurance Co
SOLDOffice

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

James D. Kuh

Newmark

Broker

$3B

vol

6 deals

Broker
WP
Wafra Capital PartnersBuyer

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