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64 University Pl, New York,...

ARGO Real Estate & Bsafal Acquire Office Building In Greenwich Village For $30M
SOLDOffice

ARGO Real Estate & Bsafal Acquire Office Building In Greenwich Village For $30M

64 University Pl, New York, NY 10003, USA

$30,000,000

$1,200/SF

Building Size

25,000 SF

Asset Type

Office

Closing

Jun 26, 2019

AI

The office property located at 64 University Pl in Greenwich Village was recently sold for $30,000,000. The property spans a total area of 25,000 square feet, resulting in a price per square foot of $1,200.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $30,000,000
  • Address: 64 University Pl, Greenwich Village
  • Market: Greenwich Village
  • Square Footage: 25,000
  • Price Per Square Foot: $1,200

The seller of the property was Jonathan Posner, while the buyers were ARGO Real Estate & Bsafal. The transaction was facilitated by James Nelson, Brandon Polakoff, Mitch Levine, and Toku Saito from Avison Young, who represented the seller. The buyer was represented by Ben Thypin from Quantierra_.

Players

Ben Carlos Thypin

Quantierra

Broker

$199.2M

vol

12 deals

Broker
A
ArgoBuyer

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

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93