CIM Group Acquires Office In Manhattan For $44M
67 Irving Pl, New York, NY 10003, USA
Building Size
52,000 SF
Asset Type
Office
Closing
Oct 16, 2017
About this deal
AI
67 Irving Place, located in New York City's Manhattan market, was recently sold in a closed office transaction. The property was sold for a price of $44,000,000. The seller of the property was Charis C Lapas, while the buyer was CIM Group.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $44,000,000
- Address: 67 Irving Place
- City: New York
- Market: Manhattan
This deal involved Charis C Lapas as the seller and CIM Group as the buyer. Notable details about the property include its address at 67 Irving Place in New York City's Manhattan market, making it an attractive investment opportunity. The transaction amount of $44,000,000 reflects the value of this office asset.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93