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133 W 52nd St, New York, NY...

Beekman Real Estate Investment Management Acquires Office Building In Manhattan For $46M
SOLDOffice

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

Anthony Ledesma

DIA Capital Group

Broker

$1.7B

vol

17 deals

Broker
BM
Beekman Real Estate Investment ManagementBuyer
MR
MRP RealtySeller

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93