Sun’s Acres LLC Acquires Property From The National Academy Of Design For $25 Million
5 E 89th St, New York, NY, 10128
$25,000,000
Building Size
—
Asset Type
School
Closing
Dec 11, 2018
AI
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.
Players
New York School Market Snapshot
Boundary boundary · School · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93