Eretz Group Acquires Office Building In Midtown Manhattan For $70.3M
SOLD
New York
See Similar DealsOffice954,800 SF
Sold 05/02/2018
SOLD
Eretz Group Acquires Office Building In Midtown Manhattan For $70.3M
9 E 40th St, New York, NY 10016, USA & 9 E 40th St, New York, NY 10016, USA
See Similar DealsOffice954,800 SF
Sold 05/02/2018
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:954,800 SF
Transaction Type:Sale
The office building located at 9 East 40th Street in New York City has been sold in a closed transaction. The property, situated in Midtown, Manhattan, spans 86,800 square feet. The transaction was completed for a total price of $70,300,000, resulting in a price per square foot of $810.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $70,300,000
- Square Footage: 86,800 sf
- Price per Square Foot: $810
- Address: 9 East 40th Street, New York
- Market: Midtown, Manhattan
The seller of the property was Joseph P. Day Realty, represented by Larry Wohl and Barry Jacobson. The buyer in this transaction was Eretz Group, with Abe Talassazan leading the acquisition.
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
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Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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