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
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.
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