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5 E 89th St, New York, NY, ...

Sun’s Acres LLC Acquires Property From The National Academy Of Design For $25 Million
SOLDSchool

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

Carrie Chiang

The Corcoran Group

Broker

$276.8M

vol

10 deals

Broker
ND
National Academy of DesignSeller

New York School Market Snapshot

Boundary boundary · School · Sale transactions

Loading comparables…

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