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
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