Krancken House Acquires Residential Property On Lower East Side For $159.6M
45 Rivington St, New York, NY 10002, USA
$159,600,000
$1,064/SF
Building Size
150,000 SF
Asset Type
Other
Closing
Sep 17, 2019
About this deal
AI
Located at 45 Rivington Street in the Lower East Side, a residential property has been sold for a total price of $159,600,000. The property spans across 150,000 square feet, resulting in a price per square foot of $1,064. The deal was closed by Krancken House as the buyer.
Summary of transation details
- Property Type: Residential
- Transaction Amount: $159,600,000
- Square Footage: 150,000
- Price per Square Foot: $1,064
- Market: Lower East Side
The seller of the property was Slate Property Group, China Vanke Co., and Adam America Real Estate. The deal was facilitated by their representatives, including Dvir Cohen, YU Liang, David Schwartz, Martin Nussbaum, and Omri Sachs.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $159.6M for 150,000 square feet (2019).
Browse New York other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93