Savanna Acquires 1065 6th Ave From Blackstone Group For $640 Million In New York
1065 6th Ave, New York, NY, 10018
$640,000,000
$937/SF
Building Size
682,988 SF
Asset Type
Office
Closing
May 23, 2018
About this deal
AI
The property asset involved in the transaction is located at 1065 6th Ave, New York, NY, with a total square footage of 682,988. The transaction was conducted in the New York market for a price of $640,000,000.00.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $640,000,000.00
- Address: 1065 6th Ave, New York, NY, 10018
- Market: New York
- Seller: Blackstone Group
- Buyer: Savanna
- Seller's Representative: Graham Stephens
The deal involved key individuals and companies including the well-known Blackstone Group selling the property to Savanna, with Graham Stephens representing the seller in this transaction.
On the Map
$640,000,000
$937/SF
Office
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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
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93