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110 East 42nd Street, New Y...

Meadow Partners Acquires Office Building On East 42nd Street For $117.1M
SOLDOffice

Meadow Partners Acquires Office Building On East 42nd Street For $117.1M

110 East 42nd Street, New York, NY, USA

$117,075,000

$525/SF

Building Size

222,935 SF

Asset Type

Office

Closing

Dec 6, 2021

AI

An office property located at 110 East 42nd Street in Grand Central 🚂 has been sold. The transaction took place on 12/06/2021. The property, spanning 222,935 square feet, was sold by @SLGreen_Realty to Meadow Partners, represented by Jeffrey Kaplan. The deal was facilitated by brokers Brett Siegel and Evan Layne from Newmark. The sale price for the property was $117,075,000, resulting in a price per square foot of $525.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $117,075,000
  • Address: 110 East 42nd Street
  • Market: Grand Central 🚂

Jeffrey Kaplan, on behalf of Meadow Partners, acquired the office property located at 110 East 42nd Street in Grand Central 🚂 for a price of $117,075,000. The property spans 222,935 square feet and was sold by @SLGreen_Realty. The transaction was facilitated by brokers Brett Siegel and Evan Layne from Newmark.

Players

Brett Siegel

Newmark

Broker

$6.4B

vol

76 deals

Broker
Jeffrey M. Kaplan

Jeffrey M. Kaplan

Meadow Partners

Buyer

$921.4M

vol

9 deals

Buyer
SL Green
SL GreenSeller
Meadow Partners
Meadow PartnersLender

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

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93