Clarion Partners Acquires Property From EQ Office At 114 W 41st St For $282M
SOLD
$282,000,000
New York
See Similar DealsOffice349,274 SF
Sold 12/13/2018
SOLD
Clarion Partners Acquires Property From EQ Office At 114 W 41st St For $282M
114 W 41st St, New York, NY, 10036
See Similar DealsOffice349,274 SF
Sold 12/13/2018
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$807
Total Square Footage:349,274 SF
Transaction Type:Sale
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
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)
$15,040,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,001,886.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,336,823.87
Annual Debt Service$16,041,886.44
Is there something missing? Send suggestions