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:
- Property Type: Educational Facility
- Transaction Amount: $14,000,000
- Address: 160 West 74th Street, New York City
- Market: New York City
- Buyer: Bayrock Capital - Marc Glassman & Daniel Rabinowitz
- Seller: Calhoun - Steven Solnick
- Brokers: Craig Waggner, John Ciraulo, Andrew Berry & Charlie Gravina - Cushman & Wakefield
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
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