Extell Acquires Office & Retail Building In Manhattan For $19M
SOLD
New York
See Similar DealsOffice270,000 SF
Sold 09/17/2017
SOLD
Extell Acquires Office & Retail Building In Manhattan For $19M
500 W 57th St, New York, NY 10019, USA
See Similar DealsOffice270,000 SF
Sold 09/17/2017
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:270,000 SF
Transaction Type:Sale
The property at 500 W 57th Street in New York, located in the Manhattan market, has been sold in a closed transaction. The property consists of both office and retail spaces, with a total area of 27,000 square feet. The transaction price for this property was $19,000,000, resulting in a price per square foot of $703.
Summary of transaction details
- Property Type: Office & Retail
- Transaction Amount: $19,000,000
- Square Footage: 27,000
- Price Per Square Foot: $703
The seller of the property was the Charles Ekblom Family Trust, while the buyer was Extell, represented by Gary Barnett. The brokerage firm involved in the deal was CSRE, with Chris Snyder acting as the broker for Extell.
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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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