Stellar Services Acquires Manhattan Office Building For $36M
62 West 45th Street, New York City, New York 10036, United States
$36,000,000
$652/SF
Building Size
55,150 SF
Asset Type
Office
Closing
Jun 28, 2022
AI
Located in Manhattan, the office property at 62 W. 45th St. was recently sold in a transaction worth $36,000,000. Spanning an area of approximately 55,150 square feet, the property boasts a price per square foot of $652. The sale took place on 06/28/2022, with the buyer being Stellar Services and the seller identified as Ken Fishel.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $36,000,000
- Address: 62 W. 45th St.
- Market: Manhattan
- Size: 55,150 SF
- Price per Square Foot: $652
The buyer was represented by Dan Lolai, Eric Siegel, and Wayne Siegel from LSL Advisors. On the other hand, the seller was represented by Aaron Jungreis and Ben Khakshoor of Rosewood Realty Group.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93