The Kingdom Of Saudi Arabia paid $59M to Carlyle Group

The Kingdom Of Saudi Arabia paid Carlyle Group’s 866 Plaza Owner, L.L.C. $59.2 million for 4 parcels, including the tax class commercial condo recorded in Acris (CC) at 866 United Nations Plaza in Midtown East. The deal closed on July 22, 2019 and was recorded on July 24, 2019. The parcel(s) have total development potential of 50,552 square feet.
The average sale price per square foot is $1,171.
The estimated cap rate is 4.0%
The last time the property sold was March 30, 2017, for $217,500,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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