Pace University Acquires Property At 180 Broadway New York From Jeff Sutton For $42.1M
SOLD
$42,100,000
New York
See Similar DealsRetail
Sold 02/13/2014
SOLD
Pace University Acquires Property At 180 Broadway New York From Jeff Sutton For $42.1M
180 Broadway, New York, NY, 10038
See Similar DealsRetail
Sold 02/13/2014
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,245,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$149,572.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$199,575.48
Annual Debt Service$2,394,905.74
Is there something missing? Send suggestions