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114 West 41st Street

AM Properties Eyn Holdings And Axonic Capital Acquire Office In Manhattan For $133M
SOLDOffice

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

Jeff Organisciak

Eastdil Secured

Broker

$8.9B

vol

37 deals

Broker
Khashy Eyn

Khashy Eyn

Buyer

$581.9M

vol

24 deals

Buyer
Clarion Partners
Clarion PartnersSeller

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

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93