SOLDOffice
Elishayev Family Acquires Office Building In Diamond District For $9.5M
25 W 47th St, New York, NY 10036, USA
$9,500,000
$33/SF
Building Size
287,640 SF
Asset Type
Office
Closing
Feb 5, 2020
About this deal
AI
The property located at 25 West 47th Street in the Diamond District has been sold in a closed transaction for a price of $9,500,000. This office asset spans 28,764 square feet and is valued at $330 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $9,500,000
- Building Square Footage: 28,764
- Price per Square Foot: $330
- Address: 25 West 47th Street
- Market: Diamond District
The buyer of the property is the Elishayev Family, while the seller is Extell.
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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93