Atlas Capital Acquires Office Building On Leroy Street For $79.5M
110 Leroy St, New York, NY 10014, USA
$79,500,000
$993/SF
Building Size
80,000 SF
Asset Type
Office
Closing
Nov 29, 2020
AI
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
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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93