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 42nd street: land: 44095
building: 33470
above market lease value: 5616
acquired in-place leases: 4333
other assets net of other liabilities: 2014
assets acquired: 87514
fair value adjustment to mortgage note payable: 2014
below market lease value: 7514
liabilities assumed: 7514
purchase price allocation: 80000
net consideration funded by us at closing: 81632
equity and/or debt investment held: 2014
debt assumed: 2014
180 maiden lane: land: 191523
building: 233230
above market lease value: 7944
acquired in-place leases: 29948
other assets net of other liabilities: 2014
assets acquired: 462645
fair value adjustment to mortgage note payable: 2014
below market lease value: 20320
liabilities assumed: 20320
purchase price allocation: 442325
net consideration funded by us at closing: 81835
equity and/or debt investment held: 2014
debt assumed: 2014
110 east 42nd street: land: 34000
building: 46411
above market lease value: 823
acquired in-place leases: 5396
other assets net of other liabilities: 2014
assets acquired: 86630
fair value adjustment to mortgage note payable: 2014
below market lease value: 2326
liabilities assumed: 2326
purchase price allocation: 84304
net consideration funded by us at closing: 2744
equity and/or debt investment held: 16000
debt assumed: 65000
1515 broadway: land: 462700
building: 707938
above market lease value: 18298
acquired in-place leases: 98661
other assets net of other liabilities: 27127
assets acquired: 1314724
fair value adjustment to mortgage note payable: -3693
below market lease value: 84417
liabilities assumed: 80724
purchase price allocation: 1234000
net consideration funded by us at closing: 259228
equity and/or debt investment held: 40942
debt assumed: 458767
521 fifth avenue: land: 110100
building: 146686
above market lease value: 3318
acquired in-place leases: 23016
other assets net of other liabilities: 2014
assets acquired: 283120
fair value adjustment to mortgage note payable: 2014
below market lease value: 25977
liabilities assumed: 25977
purchase price allocation: 257143
net consideration funded by us at closing: 70000
equity and/or debt investment held: 41432
debt assumed: 140000

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. .

Questions:
what was the value of the consolidated interests?
what was the interest rate of cifs?
what is the product of the value of consolidated interests by the interest rate?
what is the value time 1000000?

Answers:
245.7
49.9%
122.6043
122604300