Greenroad Capital Acquires Office Building On Cliff Street In Manhattan For $12.5M
27 Cliff St, New York, NY 10038, USA
Building Size
215,200 SF
Asset Type
Office
Closing
Aug 16, 2017
About this deal
AI
27 Cliff Street is an office property located in Manhattan, New York. The property was sold on August 17, 2017, for a price of $12,500,000. It has a total square footage of 21,520, resulting in a price per square foot of $580.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $12,500,000
- Square Footage: 21,520
- Price per Square Foot: $580
- Address: 27 Cliff Street, New York
- Market: Manhattan
The seller of 27 Cliff Street was 27 Cliff Street Realty Co Inc, while the buyer was Greenroad Capital, represented by their broker @dnatanov. The transaction was facilitated by @CushWake.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93