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
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