RFR Realty Acquires Office Building In Manhattan For $205M
95 Morton St, New York, NY 10014, USA
Building Size
154,328 SF
Asset Type
Office
Closing
Mar 1, 2017
About this deal
AI
Located at 95 Morton Street in Manhattan, this office property was sold in March 2017 for a staggering price of $205,000,000. Spanning across 154,328 square feet, the property fetched a price of $1328 per square foot, making it an attractive investment opportunity.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $205,000,000
- Square Footage: 154,328
- Price per Square Foot: $1328
- Address: 95 Morton Street, New York
- Market: Manhattan
RFR Realty, represented by abyrosen, emerged as the buyer in this transaction, while Brickman Associates served as the seller. The deal showcases RFR Realty's strategic acquisition in the Manhattan market, highlighting their commitment to expanding their office portfolio with this prime property on Morton Street.
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