Infinite Global Real Estate Partners Acquires Office Residential Conversion In Midtown South For $25M
SOLD
New York
See Similar DealsOffice78,238 SF
Sold 10/07/2025
SOLD
Infinite Global Real Estate Partners Acquires Office Residential Conversion In Midtown South For $25M
29 West 35th Street
See Similar DealsOffice78,238 SF
Sold 10/07/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$319
Total Square Footage:78,238 SF
Transaction Type:Sale
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
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
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