Sun’s Acres LLC Acquires Property From The National Academy Of Design For $25 Million
SOLD
$25,000,000
New York
See Similar DealsSchool
Sold 12/11/2018
SOLD
Sun’s Acres LLC Acquires Property From The National Academy Of Design For $25 Million
5 E 89th St, New York, NY, 10128
See Similar DealsSchool
Sold 12/11/2018
Summary
NEW YORK
Asset Type:School
Transaction Type:Sale
The property at 5 E 89th St, New York, NY, 10128, has been involved in a real estate transaction with a price of $25,000,000.00. The property is located in the New York market and has a square footage of 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $25,000,000.00
- Address: 5 E 89th St, New York, NY, 10128
- Market: New York
- Buyer: Sun’s Acres LLC
- Seller: The National Academy of Design
- Buyer’s Representative: James Kim (Corcoran Group Real Estate)
- Seller’s Representative: Carrie Chiang (The Corcoran Group)
The transaction involved Sun’s Acres LLC as the buyer and The National Academy of Design as the seller. The deal was represented by James Kim from Corcoran Group Real Estate for the buyer and Carrie Chiang from The Corcoran Group representing the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
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