what is the annual interest cost in millions for the 125 park avenue acquisition?
sl green realty corp . it happens here 2012 annual report 85 | 85 in april a02011 , we purchased sitq immobilier , a subsid- iary of caisse de depot et placement du quebec , or sitq 2019s , 31.5% ( 31.5 % ) economic interest in 1515 a0 broadway , thereby consoli- dating full ownership of the 1750000 a0square foot ( unaudited ) building . the transaction valued the consolidated interests at $ 1.23 a0 billion . this valuation was based on a negotiated sales agreement and took into consideration such factors as whether this was a distressed sale and whether a minority dis- count was warranted . we acquired the interest subject to the $ 458.8 a0million mortgage encumbering the property . we rec- ognized a purchase price fair value adjustment of $ 475.1 a0mil- lion upon the closing of this transaction . this property , which we initially acquired in may a02002 , was previously accounted for as an investment in unconsolidated joint ventures . in january a0 2011 , we purchased city investment fund , or cif 2019s , 49.9% ( 49.9 % ) a0interest in 521 a0fifth avenue , thereby assum- ing full ownership of the 460000 a0 square foot ( unaudited ) building . the transaction valued the consolidated interests at approximately $ 245.7 a0 million , excluding $ 4.5 a0 million of cash and other assets acquired . we acquired the interest subject to the $ 140.0 a0 million mortgage encumbering the property . we recognized a purchase price fair value adjust- ment of $ 13.8 a0million upon the closing of this transaction . in april a02011 , we refinanced the property with a new $ 150.0 a0mil- lion 2-year mortgage which carries a floating rate of interest of 200 a0basis points over the 30-day libor . in connection with that refinancing , we acquired the fee interest in the property for $ 15.0 a0million . the following summarizes our allocation of the purchase price of the assets acquired and liabilities assumed upon the closing of these 2011 acquisitions ( amounts in thousands ) : 51 east 180 110 east 1515 521 fifth 42nd street maiden lane 42nd street broadway avenue land fffd$ 44095 $ 191523 $ 34000 $ 2002 2008462700 $ 110100 .

|  | 51 East 42<sup>nd</sup> Street | 180 Maiden Lane | 110 East 42<sup>nd</sup> Street | 1515 Broadway | 521 Fifth Avenue |
| :--- | :--- | :--- | :--- | :--- | :--- |
| Land | $44,095 | $191,523 | $34,000 | $462,700 | $110,100 |
| Building | 33,470 | 233,230 | 46,411 | 707,938 | 146,686 |
| Above market lease value | 5,616 | 7,944 | 823 | 18,298 | 3,318 |
| Acquired in-place leases | 4,333 | 29,948 | 5,396 | 98,661 | 23,016 |
| Other assets, net of other liabilities | — | — | — | 27,127 | — |
| Assets acquired | 87,514 | 462,645 | 86,630 | 1,314,724 | 283,120 |
| Fair value adjustment to mortgage note payable | — | — | — | (3,693) | — |
| Below market lease value | 7,514 | 20,320 | 2,326 | 84,417 | 25,977 |
| Liabilities assumed | 7,514 | 20,320 | 2,326 | 80,724 | 25,977 |
| Purchase price allocation | $80,000 | $442,325 | $84,304 | $1,234,000 | $257,143 |
| Net consideration funded by us at closing | $81,632 | $81,835 | $2,744 | $259,228 | $70,000 |
| Equity and/or debt investment held | — | — | $16,000 | $40,942 | $41,432 |
| Debt assumed | $— | $— | $65,000 | $458,767 | $140,000 |

net consideration funded by us at closing fffd$ 81632 $ 200281835 $ 20022744 $ 2002 2008259228 $ 200270000 equity and/or debt investment held fffd 2014 2014 $ 16000 $ 2002 2002 200840942 $ 200241432 debt assumed fffd$ 2002 2002 2002 2002 2008 2014 $ 2002 2002 2002 2002 2002 2008 2014 $ 65000 $ 2002 2008458767 $ 140000 2010 acquisitions | in january 2010 , we became the sole owner of 100 a0church street , a 1.05 a0million square foot ( unau- dited ) office tower located in downtown manhattan , following the successful foreclosure of the senior mezzanine loan at the property . our initial investment totaled $ 40.9 a0million , which was comprised of a 50% ( 50 % ) a0interest in the senior mezzanine loan and two other mezzanine loans at 100 a0 church street , which we acquired from gramercy capital corp . ( nyse : a0gkk ) , or gramercy , in the summer of a0 2007 . at closing of the foreclo- sure , we funded an additional $ 15.0 a0million of capital into the project as part of our agreement with wachovia bank , n.a . to extend and restructure the existing financing . gramercy declined to fund its share of this capital and instead trans- ferred its interests in the investment to us at closing . the restructured $ 139.7 a0million mortgage carries an interest rate of 350 a0basis points over the 30-day libor . the restructured mortgage , which was scheduled to mature in january a0 2013 , was repaid in march a02011 . in august a0 2010 , we acquired 125 a0 park avenue , a manhattan office tower , for $ 330 a0million . in connection with the acquisition , we assumed $ 146.25 a0million of in-place financ- ing . the 5.748% ( 5.748 % ) interest-only loan matures in october a02014 . in december a02010 , we completed the acquisition of various investments from gramercy . this acquisition included ( 1 ) a0the remaining 45% ( 45 % ) a0interest in the leased fee at 885 a0third avenue for approximately $ 39.3 a0 million plus assumed mortgage debt of approximately $ 120.4 a0million , ( 2 ) a0the remaining 45% ( 45 % ) interest in the leased fee at 2 a0 herald square for approxi- mately $ 25.6 a0 million plus assumed mortgage debt of approximately $ 86.1 a0 million and , ( 3 ) a0 the entire leased fee interest in 292 a0madison avenue for approximately $ 19.2 a0mil- lion plus assumed mortgage debt of approximately $ 59.1 a0million . these assets are all leased to third a0party operators. .

interest_cost = 146.25 * 0.05748
answer = interest_cost