facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Sale

/

250 W 54th St, New York, NY...

Zar Property NY Acquires 250 W 54th St New York From Ascot Properties For $83M
SOLDRetail

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

Paul Davidson

Newmark

Broker

$142M

vol

3 deals

Broker
Zar Property NY
Zar Property NYBuyer

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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