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160 W 74th St New York, NY ...

Bayrock Capital Acquires Educational Facility In New York City For $14M
SOLDOther

Bayrock Capital Acquires Educational Facility In New York City For $14M

160 W 74th St New York, NY 10023, USA

$14,000,000

$860/SF

Building Size

16,267 SF

Asset Type

Other

Closing

Jun 30, 2023

AI

An educational facility located at 160 West 74th Street in New York City has been sold for $14,000,000. The property spans 16,267 square feet and the price per square foot is $861.

Summary of transaction details:

The buyer of the educational facility is Bayrock Capital, represented by Marc Glassman and Daniel Rabinowitz. The seller is Calhoun, represented by Steven Solnick. The transaction was facilitated by brokers Craig Waggner, John Ciraulo, Andrew Berry, and Charlie Gravina from Cushman & Wakefield.

Players

Charlie Gravina

Cushman & Wakefield

Broker

$280.6M

vol

21 deals

Broker

Marc Glassman

Bayrock Capital

Buyer

$59.5M

vol

5 deals

Buyer

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93