Vanbarton Group Acquires 1317 Laight St New York From WhiteStar Advisors For $90M
SOLD
$90,000,000
New York
See Similar DealsRetail82,500 SF
Sold 10/06/2016
SOLD
Vanbarton Group Acquires 1317 Laight St New York From WhiteStar Advisors For $90M
1317 Laight St, New York, NY, 10013
See Similar DealsRetail82,500 SF
Sold 10/06/2016
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,090
Total Square Footage:82,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,800,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$319,750.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$426,645.92
Annual Debt Service$5,119,750.99
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