Seavest Investment Group Acquires Office Building In New York's Market For $47.5M
355 West 52nd Street, New York City, New York 10019, United States
$47,500,000
$833/SF
Building Size
57,000 SF
Asset Type
Office
Closing
Jun 16, 2022
About this deal
AI
The office property at 355 West 52nd Street in New York City has been sold for a price of $47,500,000. The transaction took place on 06/17/2022, and the property measures 55,621 square feet. The sale price per square foot was $853.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $47,500,000
- Address: 355 West 52nd Street, New York
- Market: New York
Seavest Investment Group acquired the property from Opus Magnum Inc., with the representation of broker Jeff Organisciak from Eastdil Secured.
On the Map
$47,500,000
$833/SF
Office
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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
0.33%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93