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
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.
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