99c LLC Acquires Property At 175 Water St New York For $252 Million With Alexander Riguardi As Seller's Representative
SOLD
$252,000,000
New York
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SOLD
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
See Similar DealsOffice
Summary
NEW YORK
Asset Type:Office
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$13,440,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$895,302.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,194,608.56
Annual Debt Service$14,335,302.77
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