Empire State Realty Trust Inc Sells Office Building In Westchester County For $53M
500 Mamaroneck Avenue
$53,000,000
$178/SF
Building Size
297,548 SF
Asset Type
Office
Closing
May 19, 2023
About this deal
AI
Empire State Realty Trust Inc. has sold the 297,548-square-foot office building at 500 Mamaroneck Ave. in Harrison, Westchester County, NY, for $53 million. The property, located in the Westchester market, features an attractive price per square foot of $178.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $53,000,000
- Address: 500 Mamaroneck Ave, Harrison, Westchester County, NY
- Market: Westchester
- Square Footage: 297,548
- Price per Square Foot: $178
The sale of the office building at 500 Mamaroneck Ave. was facilitated by Empire State Realty Trust Inc. as the seller. No additional information about the buyer or any representatives involved in the deal was provided.
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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93