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145 W 45th St, New York, NY...

The Hematian Family Acquires Office Building In Midtown Manhattan For $92M
SOLDOffice

The Hematian Family Acquires Office Building In Midtown Manhattan For $92M

145 W 45th St, New York, NY 10036, USA

$92,000,000

$13,360/SF

Building Size

6,886 SF

Asset Type

Office

Closing

Jul 21, 2019

AI

The office property at 145 West 45th Street in Midtown has been sold in a closed transaction for $92,000,000. The property spans 92,000 square feet, resulting in a price per square foot of $1,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $92,000,000
  • Address: 145 West 45th Street
  • Market: Midtown
  • Square Footage: 92,000
  • Price per Square Foot: $1,000

The buyer of the property is the Hematian family, known for their association with Effy Jewelry. The seller of the property is Isaac Chetrit. The deal was facilitated by Avi Ben-Ishay from the Norman Bobrow agency, representing the Hematian family.

Players

Avi Ben- Ishay

Eastwood Capital Properties

Broker

$219.1M

vol

9 deals

Broker

Hematian family

Effy Jewelry

Buyer

$167M

vol

2 deals

Buyer
Isaac Chetrit

Isaac Chetrit

Seller

$1.4B

vol

10 deals

Seller
Signature Bank
Signature BankLender

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

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93