Zar Property NY Acquires 250 W 54th St New York From Ascot Properties For $83M
250 W 54th St, New York, NY, 10019
$83,000,000
$509/SF
Building Size
163,000 SF
Asset Type
Retail
Closing
Nov 22, 2023
AI
The property involved in this transaction is located at 250 W 54th St, New York, NY, 10019. The market value is situated in New York, with a total square footage of 163,000. The transaction price for this property was $83,000,000.00.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: $83,000,000.00
- Address: 250 W 54th St, New York, NY, 10019
- Market: New York
- Square Footage: 163,000
- Buyer: Zar Property NY
- Seller: Ascot Properties
- Buyer's Representative: Paul Davidson (Newmark)
Key individuals involved in the transaction include the buyer, Zar Property NY, and the seller, Ascot Properties. Paul Davidson from Newmark acted as the representative for the buyer in this deal.
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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93