99c LLC Acquires Property At 175 Water St New York For $252 Million With Alexander Riguardi As Seller's Representative
175 Water St, New York, NY, 10038
$252,000,000
Building Size
—
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in the transaction is located at 175 Water St, New York, NY, 10038. The transaction was completed for a total price of $252,000,000.00. It is situated in the New York market, with a reported square footage of 0.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: $252,000,000.00
- Address: 175 Water St, New York, NY, 10038
- Market: New York
- Seller's Representative: Alexander Riguardi (JLL)
- Buyer: 99c LLC
The transaction involved Alexander Riguardi from JLL representing the seller, ensuring a smooth negotiation process. The buyer for this transaction was identified as 99c LLC, highlighting their involvement in the acquisition.
On the Map
$252,000,000
Office
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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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93