Adam Bassalali And Arun Bassalali Sell Midtown Office For $24.75 Million With KSR Brokers
15 West 46th Street
$24,750,000
$990/SF
Building Size
25,000 SF
Asset Type
Office
Closing
Jan 30, 2025
About this deal
AI
The property asset involved in this transaction is located at 15 West 46th Street in the Midtown market. The office building has a sale price of $24,750,000 and spans 25,000 square feet, equating to a price per square foot of $990.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $24,750,000
- Address: 15 West 46th Street
- Market: Midtown
- Square Footage: 25,000
- Price Per Square Foot: $990
- Seller: Adam Bassalali & Arun Bassalali
- Brokers: Carolina Aziz & Albert Sultan - KSR
The deal was represented by Carolina Aziz and Albert Sultan, both from KSR, who facilitated the transaction for the sellers, Adam Bassalali and Arun Bassalali.
On the Map
$24,750,000
$990/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Albert Sultan to view all their deals.
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93