Atlas Capital Acquires Office Building On Leroy Street For $79.5M
SOLD
$79,500,000
New York
See Similar DealsOffice80,000 SF
Sold 11/30/2020
SOLD
Atlas Capital Acquires Office Building On Leroy Street For $79.5M
110 Leroy St, New York, NY 10014, USA
See Similar DealsOffice80,000 SF
Sold 11/30/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$993
Total Square Footage:80,000 SF
Transaction Type:Sale
Located in the desirable West Village neighborhood, the office property at 110 Leroy Street has recently been sold in a closed transaction. The property spans approximately 80,000 square feet, with a price per square foot of $993. The total transaction amount was $79,500,000.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $79,500,000
- Address: 110 Leroy Street
- Market: West Village
- Price per Square Foot: $993
The buyer of this office property is Atlas Capital, while the seller is Leeds Associates represented by Stacey Shurgin. The deal was facilitated by CBRE, with Darcy Stacom and Bill Shanahan serving as the brokers. Their expertise and guidance were instrumental in closing this transaction.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,240,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$282,446.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$376,870.56
Annual Debt Service$4,522,446.71
Is there something missing? Send suggestions