ZG Capital Partners & Rialto Capital Management Acquire Office In Midtown East For $102.5M
43 East 53rd Street, New York City, New York 10022, United States
$102,500,000
$907/SF
Building Size
112,933 SF
Asset Type
Office
Closing
Jul 27, 2022
About this deal
AI
Located at 43 East 53rd Street in Midtown East, this recently sold office property offers a total square footage of 112,933. The sale transaction took place on July 28, 2022, between the buyer, ZG Capital Partners and Rialto Capital Management, and the seller, MEK Management Services. The sale price for this property was $102,500,000, resulting in a price per square foot of $907.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $102,500,000
- Square Footage: 112,933
- Address: 43 East 53rd Street
- Market: Midtown East
The buyer, ZG Capital Partners and Rialto Capital Management, acquired this office asset from the seller, MEK Management Services. James Tamborlane, Bobby Zar, Jeff Krasnoff, and Jay Mantz were involved in the deal as representatives.
On the Map
$102,500,000
$907/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93