Gural Family's Northwind Group Acquires 7 Hanover Square Office Building For $310M
7 Hanover Square, New York, NY 10004, USA
$585,000,000
$16,480/SF
Building Size
35,496 SF
Asset Type
Office
Closing
Jun 17, 2019
About this deal
AI
The office building located at 7 Hanover Square in Manhattan has been sold for a price of $310,000,000. The property spans an area of 915,000 square feet and was sold at a rate of $339 per square foot. The transaction was completed on January 15, 2018.
Summary of transation details
- Property Type: Office
- Transaction Amount: $310,000,000
- Address: 7 Hanover Square, New York
- Market: Manhattan
The seller of the property was Guardian Life Insurance, while the buyer was the Gural family, specifically Jeffrey Gural and Ran Eliasaf's Northwind Group. The brokerage firm Cushman & Wakefield, represented by Adam Spies and Douglas Harmon, facilitated the transaction.
Please note that the transaction was scheduled to close, according to the provided information.
On the Map
$585,000,000
$16,480/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93