Akelius Real Estate Management Acquires Stonehenge Partners' Rental Building On Fifth Avenue For $44.1M
SOLD
New York
See Similar DealsOther567,000 SF
Sold 02/25/2018
SOLD
Akelius Real Estate Management Acquires Stonehenge Partners' Rental Building On Fifth Avenue For $44.1M
1274 5th Ave, New York, NY 10029, USA
See Similar DealsOther567,000 SF
Sold 02/25/2018
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$0
Total Square Footage:567,000 SF
Transaction Type:Sale
A rental building located at 1274 Fifth Avenue in New York City has recently been sold for a price of $44,100,000. The property, spanning 56,700 square feet, consists of 54 units. The transaction took place in the Manhattan market, specifically at 108th Street and 5th Avenue. The price per square foot for this deal was $777.
Summary of transaction details:
- Property Type: Rental Building
- Transaction Amount: $44,100,000
- Address: 1274 Fifth Avenue, New York
- Market: Manhattan (108th Street & 5th Avenue)
- Square Footage: 56,700 sf
- Price per Square Foot: $777
- Units: 54
The seller of the property was Ofer Yardeni’s Stonehenge Partners in collaboration with SL Green Realty. On the other hand, Akelius Real Estate Management acted as the buyer in this transaction.
It is worth noting that Stonehenge Partners had initially acquired the property for $11.9 million.
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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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