The Shefa School Acquires Property In New York For $49.5 Million With JLL Representation
SOLD
$49,500,000
+ 2
New York
See Similar DealsRetail75,000 SF
SOLD
The Shefa School Acquires Property In New York For $49.5 Million With JLL Representation
17 W 60th St, New York, NY, 10023
See Similar DealsRetail75,000 SF
+ 2
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$660
Total Square Footage:75,000 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 17 W 60th St, New York, NY, 10023. The sale price for the property was $49,500,000.00, and it encompasses a total area of 75,000 square feet within the New York market.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: $49,500,000.00
- Address: 17 W 60th St, New York, NY, 10023
- Square Footage: 75,000
- Market: New York
- Buyer: The Shefa School
- Buyer’s Representatives: Joseph (Joe) Messina (JLL), Matthew Astrachan (JLL), Jason Seidenberg (Inc.)
The deal prominently features The Shefa School as the buyer, with Joseph (Joe) Messina, Matthew Astrachan, and Jason Seidenberg serving as the buyer's representatives, facilitating the transaction effectively.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,640,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$175,863.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$234,655.25
Annual Debt Service$2,815,863.04
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