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6 East 45th Street

Payman Yadidi's Sioni Group Acquires Office Building At 6 East 45th Street, NYC For $26.8M
SOLDOffice

Payman Yadidi's Sioni Group Acquires Office Building At 6 East 45th Street, NYC For $26.8M

6 East 45th Street

$26,835,000

$338/SF

Building Size

79,290 SF

Asset Type

Office

Closing

Sep 8, 2023

AI

6 East 45th Street, located in Grand Central, Manhattan, was recently sold in a property transaction. The office building, spanning 79,290 square feet, was acquired by Sioni Group's 6 E 45 LLC from Silk & Halpern Realty Associates for a sale price of $26,835,000, with a price per square foot of $338. The deal was finalized on September 8, 2023.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $26,835,000
  • Square Feet: 79,290
  • Price per Square Foot: $338
  • Address: 6 East 45th Street, Grand Central, Manhattan

Payman Yadidi, representing Sioni Group, facilitated the purchase as the buyer. Richard Halpern, from Silk & Halpern Realty Associates, acted as the seller in the transaction. The acquisition of 6 East 45th Street by Sioni Group's 6 E 45 LLC marks a significant milestone for both parties involved in the deal.

Players

Ray Yadidi

Sioni Group

Buyer

$1.1B

vol

12 deals

Buyer

Richard Halpern

Seller

$40.3M

vol

2 deals

Seller

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

0.59%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93