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110 Leroy St, New York, NY ...

Atlas Capital Acquires Office Building On Leroy Street For $79.5M
SOLDOffice

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

William Shanahan

CBRE

Broker

$6.4B

vol

20 deals

Broker
Atlas Capital Group
Atlas Capital GroupBuyer

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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