Elad Group Acquires Office Building At 419 Park Avenue South For $72.18M With Brokers Albert Sultan & Marc Sitt
419 Park Avenue South
$72,180,000
$377/SF
Building Size
191,000 SF
Asset Type
Office
Closing
Aug 9, 2024
About this deal
AI
The asset involved in the transaction is an office property located at 419 Park Avenue South in Manhattan. The sale price was $72,180,000 for a total square footage of 191,000, resulting in a price per square foot of $377.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $72,180,000
- Address: 419 Park Avenue South
- Market: Manhattan
- Square Footage: 191,000
- Price Per Square Foot: $377
- Buyer: Elad Group
- Seller: David Berley & Walter & Samuels, Inc
- Broker Representatives: Albert Sultan & Marc Sitt - KSR
- Date of Sale: 08/08/2024
The transaction featured key individuals including the buyer, Elad Group, and the sellers, David Berley alongside Walter & Samuels, Inc. The brokers facilitating the deal were Albert Sultan and Marc Sitt from KSR.
On the Map
$72,180,000
$377/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Albert Sultan to view all their deals.
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93