The Shefa School Acquires Property In New York For $49.5 Million With JLL Representation
17 W 60th St, New York, NY, 10023
$49,500,000
$660/SF
Building Size
75,000 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
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.
Players
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93