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27 Cliff St, New York, NY 1...

Updated Oct 29, 2024

Greenroad Capital Acquires Office Building On Cliff Street In Manhattan For $12.5M
SOLDOffice

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

GC
Greenroad CapitalBuyer

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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