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
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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