SOLDOffice
First Atlantic Capital Acquires Property At 123 Lafayette St New York For $33.5M With Seller's Rep Jon Hageman
123 Lafayette St, New York, NY, 10013
$33,500,000
Building Size
—
Asset Type
Office
Closing
Jan 19, 2016
About this deal
AI
The property at 123 Lafayette St, New York, NY, 10013 was sold for $33,500,000.00. The transaction occurred in the New York market. The property has a total square footage of 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $33,500,000.00
- Address: 123 Lafayette St, New York, NY, 10013
- Market: New York
- Seller's Representative: Jonathan (Jon) Hageman, JLL
- Buyer: First Atlantic Capital
- Seller: Not specified
The deal involved Jonathan (Jon) Hageman from JLL representing the seller's interests during the transaction. First Atlantic Capital acted as the buyer in this transaction.
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
0.47%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93