Taconic & Nuveen Acquire Office Building On Upper West Side For $230M
SOLD
$230,000,000
New York
See Similar DealsOffice99,015 SF
Sold 10/30/2019
SOLD
Taconic & Nuveen Acquire Office Building On Upper West Side For $230M
320 W 66th St, New York, NY 10023, USA
See Similar DealsOffice99,015 SF
Sold 10/30/2019
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$2,322
Total Square Footage:99,015 SF
Transaction Type:Sale
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.
Players
BUYER
SELLER
SELLER
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$12,266,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$817,141.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,090,317.34
Annual Debt Service$13,083,808.09
Is there something missing? Send suggestions