The Weinstein Family Sells 80 White Street Office In TriBeCa For $21M With Lee & Associates NYC
SOLD
$21,000,000
+ 1
New York
See Similar DealsOffice37,500 SF
Sold 08/16/2024
SOLD
The Weinstein Family Sells 80 White Street Office In TriBeCa For $21M With Lee & Associates NYC
80 White Street
See Similar DealsOffice37,500 SF
Sold 08/16/2024
+ 1
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$560
Total Square Footage:37,500 SF
Transaction Type:Sale
The property involved in this transaction is an office space located at 80 White Street, situated in the TriBeCa market. The sale was finalized for a total of $21,000,000, encompassing 37,500 square feet, which equates to a price per square foot of $560.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $21,000,000
- Address: 80 White Street
- Market: TriBeCa
- Square Footage: 37,500
- Price per Square Foot: $560
- Seller: The Weinstein Family - General Hardware
- brokers: Catherine O'Toole, Stephanie Moore, Chris Varjan & Jonathan Braun - Lee & Associates NYC
Lee & Associates NYC acted as the representative for both the Buyer and Seller in this transaction, showing their dual involvement in facilitating the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,120,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56
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