Habib American Bank Acquires Office Building In Midtown Manhattan For $28.5M
150 E 45th St, New York, NY 10017, USA
$28,500,000
$712/SF
Building Size
40,000 SF
Asset Type
Office
Closing
Apr 26, 2020
About this deal
AI
The office property located at 150 East 45th Street in Midtown has been sold in a closed transaction. The property spans across 40,000 square feet and was sold for a price of $28,500,000, resulting in a price per square foot of $720.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $28,500,000
- Address: 150 East 45th Street
- Market: Midtown
The buyer in this transaction was Habib American Bank, while the seller was The Children’s Aid Society. The deal was facilitated by brokers Bob Knakal, Jon Hageman, George D’Ambrosio, and Clint Olsen from JLL.
On the Map
$28,500,000
$712/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Robert (Bob) Knakal 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93