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 ๐ 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 ๐
Jeffrey Kaplan, on behalf of Meadow Partners, acquired the office property located at 110 East 42nd Street in Grand Central ๐ 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 ยท Office ยท Sale transactions
Loading comparablesโฆ
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