facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Sale

/

207 W 49th St, New York, NY...

Brill Holdings Purchases Office Building In New York For $295M
SOLDOffice

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

Richard Baxter

Colliers

Broker

$295M

vol

3 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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