Sage Hall Partners Acquires Note In Grand Central, Manhattan For $81M
234 East 46th Street, New York City, New York 10017, United States
$81,000,000
Building Size
—
Asset Type
Other
Closing
Feb 14, 2023
About this deal
AI
The property involved in this transaction is a Note located at 234 East 46th Street in the Grand Central neighborhood of Manhattan. The sale took place on February 14, 2023. The buyer, Sage Hall Partners represented by Jeffrey Fields, purchased the Note from the Canadian Imperial Bank of Commerce for a total price of $81,000,000.
Summary of transaction details
- Property Type: Note
- Transaction Amount: $81,000,000
- Address: 234 East 46th Street
- Market: Grand Central, Manhattan
- Buyer: Sage Hall Partners - Jeffrey Fields
- Seller: Canadian Imperial Bank of Commerce
This transaction highlights the involvement of Sage Hall Partners represented by Jeffrey Fields as the buyer. On the other side of the deal, the Canadian Imperial Bank of Commerce acted as the seller.
On the Map
$81,000,000
Other
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Players
New York Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93