Kuafu Properties Acquires Property At 143 E 60th St New York For $300 Million With JLL's Clint Olsen
SOLD
$300,000,000
New York
See Similar DealsRetail
Sold 10/15/2015
SOLD
Kuafu Properties Acquires Property At 143 E 60th St New York For $300 Million With JLL's Clint Olsen
143 E 60th St, New York, NY, 10022
See Similar DealsRetail
Sold 10/15/2015
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Sale
The property involved in the transaction is located at 143 E 60th St, New York, NY, 10022. The transaction was completed for a total price of $300,000,000.00. The square footage for the property is noted as 0, indicating that specific details about the interior space may not be available. The market in which this property is located is New York.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: $300,000,000.00
- Address: 143 E 60th St, New York, NY, 10022
- Market: New York
- Seller's Representative: Clint Olsen (JLL)
- Buyer: Kuafu Properties
The deal was represented by Clint Olsen from JLL on behalf of the seller, ensuring proper representation throughout the transaction process. Kuafu Properties acted as the buyer, acquiring the property through this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$16,000,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,065,836.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,422,153.05
Annual Debt Service$17,065,836.63
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