Estate Four Acquires Office Building In Manhattan For $135M
SOLD
New York
See Similar DealsOffice2,246,880 SF
Sold 08/17/2017
SOLD
Estate Four Acquires Office Building In Manhattan For $135M
50 Varick St, New York, NY 10013, USA
See Similar DealsOffice2,246,880 SF
Sold 08/17/2017
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:2,246,880 SF
Transaction Type:Sale
The office property located at 50 Varick Street in New York City has been sold in a closed transaction. The property, situated in Manhattan, spans a total of 224,688 square feet. The selling price for this transaction was $135,000,000, with a price per square foot of $600.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $135,000,000
- Address: 50 Varick Street
- City: New York
- Market: Manhattan
The seller of the property was NY Reit, while the buyer was Estate Four.
Details
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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