ARGO Real Estate & Bsafal Acquire Office Building In Greenwich Village For $30M
SOLD
$30,000,000
+ 2
New York
See Similar DealsOffice25,000 SF
Sold 06/27/2019
SOLD
ARGO Real Estate & Bsafal Acquire Office Building In Greenwich Village For $30M
64 University Pl, New York, NY 10003, USA
See Similar DealsOffice25,000 SF
Sold 06/27/2019
+ 2
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$1,200
Total Square Footage:25,000 SF
Transaction Type:Sale
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_.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
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