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
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