APF Properties Acquires Office Building In Manhattan For $64.9M
SOLD
+ 2
New York
See Similar DealsOffice500,000 SF
Sold 07/17/2017
SOLD
APF Properties Acquires Office Building In Manhattan For $64.9M
163 Varick St, New York, NY 10013, USA
See Similar DealsOffice500,000 SF
Sold 07/17/2017
+ 2
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:500,000 SF
Transaction Type:Sale
The office property located at 163-169 Varick Street in New York City has been sold for a total price of $64,900,000. Spanning over an area of 50,000 square feet, the property is situated in the Manhattan market. The sale price per square foot amounts to $1,298.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $64,900,000
- Square Footage: 50,000
- Price per Square Foot: $1,298
- Address: 163-169 Varick Street, New York
- Market: Manhattan
The seller of the property is Heritage Realty, represented by Michael Aryeh and @Alexhaji. The buyer is APF Properties, represented by Kenneth Aschendorf and Berndt Perl. The deal was facilitated by CBRE’s Darcy Stacom and Bill Shanahan.
Players
SELLER
Details
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Deal Type
30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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