Infinite Global Real Estate Partners Acquires Office Residential Conversion In Midtown South For $25M
29 West 35th Street
$25,000,000
$319/SF
Building Size
78,238 SF
Asset Type
Office
Closing
Oct 6, 2025
About this deal
AI
The asset involved in this transaction is located at 29 West 35th Street in Midtown South. It is an office/residential conversion with a sale price of $25,000,000, encompassing 71,180 square feet, resulting in a price per square foot of $351.
Summary of transaction details:
- Property Type: Office/Residential Conversion
- Transaction Amount: $25,000,000
- Address: 29 West 35th Street
- Market: Midtown South
- Square Footage: 71,180
- Price per Square Foot: $351
- Buyer: Infinite Global Real Estate Partners
- Seller: LNR Partners
- Broker Representatives: Zach Redding, Dylan Kane & Matt Mastrocola - Colliers
This transaction was facilitated by brokers Zach Redding, Dylan Kane, and Matt Mastrocola from Colliers, representing the buyer Infinite Global Real Estate Partners and the seller LNR Partners in this deal.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93