SL Green Realty Acquires 201,416 SF Office At 461 Fifth Avenue From Karp Family Associates For $28.4M
461 Fifth Avenue, New York, NY, USA
$28,353,439
$140/SF
Building Size
201,416 SF
Asset Type
Office
Closing
Jul 12, 2021
About this deal
AI
SL Green Realty has completed the fee sale of an office property located at 461 Fifth Avenue in the Grand Central market. The property spans a total area of 201,416 square feet. The sale price for this transaction was $28,353,439.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $28,353,439
The buyer for this transaction was SL Green Realty, while the seller was Karp Family Associates.
The office sale at 461 Fifth Avenue, New York, NY, USA in New York, New York sold for $28.4M in 2021. The building is 201,416 square feet, implying about 140 per square foot on the published price. This page is the New York, New York file for the 461 Fifth Avenue, New York, NY, USA office sold: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else sold near 461 Fifth Avenue, New York, NY, USA around 2021. Published consideration for 461 Fifth Avenue, New York, NY, USA is $28.4M, dated 2021. Cite this SL Green Realty Acquires 201,416 SF Office At 461 Fifth Avenue From Karp Family Associates For $28.4M sale when underwriting similar office product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93