Brill Holdings Purchases Office Building In New York For $295M
207 W 49th St, New York, NY, 10019
$295,000,000
$1,685/SF
Building Size
175,000 SF
Asset Type
Office
Closing
Jul 20, 2016
About this deal
AI
The office property located at 207 W 49th St, New York, NY, 10019 was sold in a transaction on 07/20/2016. The property, with a total size of 175,000 square feet, was purchased by Brill Holdings from Brickman at a price of $295,000,000.00.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $295,000,000.00
- Address: 207 W 49th St, New York, NY, 10019
- Market: New York
- Seller: Brickman
- Buyer: Brill Holdings
- Seller's Rep: Richard Baxter (Colliers International)
Richard Baxter from Colliers International represented the seller, Brickman, in this transaction, while Brill Holdings acted as the buyer.
On the Map
$295,000,000
$1,685/SF
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
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93