Rafael Viñoly Architects Acquires Office Condo At 375 Pearl Street From Sabey Corp. For $35.8M
375 Pearl Street, 375 Pearl St, New York, Ny 10038, Usa
$35,819,000
$1,357/SF
Building Size
26,393 SF
Asset Type
Office
Closing
Sep 8, 2020
About this deal
AI
375 Pearl Street, an office condo, was sold in a closed property transaction. The buyer, Rafael Viñoly Architects, purchased the property from Sabey Corp. The transaction was facilitated by JPMorgan Chase, who provided a loan amount of $26,650,000.
Summary of transaction details
- Property Type: Office Condo
- Sale Price: $35,819,000
- Square Footage: 26,393
- Price per Square Foot: $1,357
- Address: 375 Pearl Street
Rafael Viñoly Architects, represented by RVA_NY, successfully acquired the office condo located at 375 Pearl Street. The seller in this transaction was Sabey Corp. JPMorgan Chase played a crucial role in the deal as the lender, providing the buyer with a loan amount of $26,650,000.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93