Fairbridge Properties Acquires Office Building On Tenth Ave, Manhattan For $30.6M
4055 10th Ave, New York, NY 10034, USA
Building Size
52,625 SF
Asset Type
Office
Closing
Sep 16, 2017
About this deal
AI
4055 Tenth Ave in New York City, located in the Manhattan market, was recently sold in a closed transaction. The office property was purchased for a total price of $30,578,890. The seller, Acadia Realty, successfully closed the deal with the buyer, Fairbridge Properties. The transaction was facilitated by the broker @cushwake.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $30,578,890
- Address: 4055 Tenth Ave, New York City
- Market: Manhattan
The deal involved key individuals and companies in the real estate industry. Acadia Realty, acting as the seller, successfully closed the transaction with Fairbridge Properties as the buyer. The broker @cushwake represented the parties involved in the deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93