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1317 Laight St, New York, N...

Vanbarton Group Acquires 1317 Laight St New York From WhiteStar Advisors For $90M
SOLDRetail

Vanbarton Group Acquires 1317 Laight St New York From WhiteStar Advisors For $90M

1317 Laight St, New York, NY, 10013

$90,000,000

$1,090/SF

Building Size

82,500 SF

Asset Type

Retail

Closing

Oct 6, 2016

AI

The property asset involved in this transaction is located at 1317 Laight St, New York, NY, 10013. The deal was closed for a price of $90,000,000.00 and encompasses a total area of 82,500 square feet. This property is situated in the New York market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $90,000,000.00
  • Address: 1317 Laight St, New York, NY, 10013
  • Square Footage: 82,500
  • Buyer: Vanbarton Group
  • Seller: WhiteStar Advisors
  • Buyer's Representative: Brian Ezratty - Newmark

The transaction involved key players including the buyer, Vanbarton Group, and the seller, WhiteStar Advisors, with Brian Ezratty from Newmark representing the buyer in this deal, facilitating the negotiations and closing process.

Players

Brian Ezratty

Newmark

Broker

$335.2M

vol

7 deals

Broker
Vanbarton Group
Vanbarton GroupBrokerage
Vanbarton Group
Vanbarton GroupBuyer

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93