Pace University Acquires Property At 180 Broadway New York From Jeff Sutton For $42.1M
180 Broadway, New York, NY, 10038
$42,100,000
Building Size
—
Asset Type
Retail
Closing
Feb 13, 2014
About this deal
AI
The property located at 180 Broadway, New York, NY, 10038 is situated in the New York market. The transaction was conducted for a total of $42,100,000.00. The property spans 0 square feet.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $42,100,000.00
- Address: 180 Broadway, New York, NY, 10038
- Market: New York
- Buyer: Pace University
- Seller: Jeff Sutton
- Buyer's Representative: Jacob Bart - Strook & Strook & Lavan
The deal highlights the involvement of Jacob Bart representing Pace University in the purchase, while Jeff Sutton acted as the seller in this transaction. The transaction emphasizes the connection between the buyer and their legal representation in the real estate market in New York.
On the Map
$42,100,000
Retail
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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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93