facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Sale

/

114 W 41st St, New York, NY...

Clarion Partners Acquires Property From EQ Office At 114 W 41st St For $282M
SOLDOffice

Clarion Partners Acquires Property From EQ Office At 114 W 41st St For $282M

114 W 41st St, New York, NY, 10036

$282,000,000

$807/SF

Building Size

349,274 SF

Asset Type

Office

Closing

Dec 13, 2018

AI

The property asset involved in this transaction is located at 114 W 41st St, New York, NY, 10036. The asset was sold for a total transaction amount of $282,000,000.00 and encompasses a total square footage of 349,274. This deal took place in the New York market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $282,000,000.00
  • Address: 114 W 41st St, New York, NY, 10036
  • Market: New York
  • Seller: EQ Office
  • Buyer: Clarion Partners
  • Seller's Representative: John Mundell
  • Agency: Marcus & Millichap

The deal involved EQ Office as the seller, with Clarion Partners acquiring the property. John Mundell represented the seller in this transaction through Marcus & Millichap, facilitating the deal's closing.

Players

John Mundell

Marcus & Millichap

Broker

$293.5M

vol

2 deals

Broker
Clarion Partners
Clarion PartnersBuyer
Clarion Partners
Clarion PartnersLender

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

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93