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17 W 60th St, New York, NY,...

The Shefa School Acquires Property In New York For $49.5 Million With JLL Representation
SOLDRetail

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

Matthew Astrachan

JLL

Broker

$49.5M

vol

17 deals

Broker

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