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
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.
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