Taconic & Nuveen Acquire Office Building On Upper West Side For $230M
320 W 66th St, New York, NY 10023, USA
$230,000,000
$2,322/SF
Building Size
99,015 SF
Asset Type
Office
Closing
Oct 29, 2019
About this deal
AI
The office property located at 320 West 66th Street in the Upper West Side has been sold for a transaction amount of $230,000,000. This asset encompasses a total area of 515,000 square feet, resulting in a price per square foot of $446. The property was jointly sold by Silverstein Properties and Seven Valleys.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $230,000,000
- Address: 320 West 66th Street
- Market: Upper West Side
- Square Footage: 515,000
- Price Per Square Foot: $446
The buyer of this office property is Taconic & Nuveen. The brokerage firm Eastdil, represented by Gary Phillips and Jeff Organisciak, facilitated the deal.
On the Map
$230,000,000
$2,322/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93