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37 West 57th Street

Sedesco Acquires Office Building On West 57th Street For $77.5M
SOLDOffice

Sedesco Acquires Office Building On West 57th Street For $77.5M

37 West 57th Street

$77,500,000

$968/SF

Building Size

80,000 SF

Asset Type

Office

Closing

Apr 24, 2023

AI

Sedesco has acquired an office property located at 37 West 57th Street in New York City. The transaction took place on April 24, 2023, for a total sale price of $77,500,000. The property spans approximately 80,000 square feet, resulting in a price per square foot of $969.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: $77,500,000
  • Address: 37 West 57th Street, New York City
  • Market: New York City

The seller's representatives for this deal were Anthony Ledesma, Paul Gillen, and Allie Boyan from Hodges Ward Elliott. On the buyer's side, the representative was Josh Augenbaum from Augenbaum Realty.

Note: No additional information available.

Players

Allie Boyan

Hodges Ward Elliott

Broker

$594.7M

vol

5 deals

Broker
S
SedescoBuyer

Market 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

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93