Beekman Real Estate Investment Management Acquires Office Building In Manhattan For $46M
133 W 52nd St, New York, NY 10019, USA
Building Size
560,000 SF
Asset Type
Office
Closing
Mar 25, 2018
AI
A 56,000-square-foot office property located at 133-135 West 52nd Street in Manhattan has been sold for $46,000,000. The property was purchased by Beekman Real Estate Investment Management, represented by Ariel Lahmi. The seller, MRP Realty and Long Wharf Real Estate Ventures, was represented by Robert Murphy. The transaction was facilitated by the broker Anothony Ledesma from JLL.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $46,000,000
- Square Footage: 56,000 sf
- Price per Square Foot: $821
- Seller: MRP Realty – Robert Murphy and Long Wharf Real Estate Ventures
- Buyer: Beekman Real Estate Investment Management – Ariel Lahmi
- Broker: Anothony Ledesma @JLL
Ariel Lahmi, of Beekman Real Estate Investment Management, represented the buyer in this transaction. Robert Murphy, of MRP Realty, and Long Wharf Real Estate Ventures were the sellers. The deal was successfully negotiated with the help of Anothony Ledesma from JLL.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93