SL Green Sells Midtown West Office Building On 11th Avenue For $95M
707 11th Avenue, New York City, New York 10019, United States
$95,000,000
$593/SF
Building Size
160,000 SF
Asset Type
Office
Closing
Dec 14, 2021
About this deal
AI
The office building located at 707 11th Avenue in Midtown West has been sold for a price of $95,000,000. The property spans across 160,000 square feet, resulting in a price per square foot of $593.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $95,000,000
- Address: 707 11th Avenue
- Market: Midtown West
- Seller: Marc Holliday, Harrison Sitomer & Andrew Matthias - SL Green
- Brokers: Andrew Scandalios, David Giancola, Tyler Peck & Alexander Riguardi - JLL
- Square Footage: 160,000
- Price per Square Foot: $593
The sale was facilitated by brokers Andrew Scandalios, David Giancola, Tyler Peck, and Alexander Riguardi of JLL, representing the sellers Marc Holliday, Harrison Sitomer, and Andrew Matthias from SL Green.
On the Map
$95,000,000
$593/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Alexander Riguardi to view all their deals.
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93