AM Properties Eyn Holdings And Axonic Capital Acquire Office In Manhattan For $133M
114 West 41st Street
$133,000,000
$382/SF
Building Size
348,000 SF
Asset Type
Office
Closing
Nov 23, 2025
AI
The asset involved in the transaction is an office property located at 114 West 41st Street in Manhattan. The sale price for the asset was $133,000,000, with a total square footage of 348,000, resulting in a price per square foot of $382.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $133,000,000
- Address: 114 West 41st Street
- Market: Manhattan
- Square Footage: 348,000
- Price per Square Foot: $382
- Buyer: AM Properties represented by Nate Wasserman
- Buyer: Eyn Holdings represented by Khashy Eyn
- Buyer: Axonic Capital represented by Erik Nygaard
- Seller: Clarion Partners
- Brokers: Gary Phillips, Will Silverman, Alana Bassen, and Jeff Organisciak from Eastdil Secured
The buyers in this transaction included AM Properties represented by Nate Wasserman, Eyn Holdings represented by Khashy Eyn, and Axonic Capital represented by Erik Nygaard. The seller of the property was Clarion Partners, and the transaction was facilitated by brokers Gary Phillips, Will Silverman, Alana Bassen, and Jeff Organisciak from Eastdil Secured.
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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93