Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.


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 . <table class='wikitable'><tr><td>1</td><td>-</td><td>51 east 42nd street</td><td>180 maiden lane</td><td>110 east 42nd street</td><td>1515 broadway</td><td>521 fifth avenue</td></tr><tr><td>2</td><td>land</td><td>$ 44095</td><td>$ 191523</td><td>$ 34000</td><td>$ 462700</td><td>$ 110100</td></tr><tr><td>3</td><td>building</td><td>33470</td><td>233230</td><td>46411</td><td>707938</td><td>146686</td></tr><tr><td>4</td><td>above market lease value</td><td>5616</td><td>7944</td><td>823</td><td>18298</td><td>3318</td></tr><tr><td>5</td><td>acquired in-place leases</td><td>4333</td><td>29948</td><td>5396</td><td>98661</td><td>23016</td></tr><tr><td>6</td><td>other assets net of other liabilities</td><td>2014</td><td>2014</td><td>2014</td><td>27127</td><td>2014</td></tr><tr><td>7</td><td>assets acquired</td><td>87514</td><td>462645</td><td>86630</td><td>1314724</td><td>283120</td></tr><tr><td>8</td><td>fair value adjustment to mortgage note payable</td><td>2014</td><td>2014</td><td>2014</td><td>-3693 ( 3693 )</td><td>2014</td></tr><tr><td>9</td><td>below market lease value</td><td>7514</td><td>20320</td><td>2326</td><td>84417</td><td>25977</td></tr><tr><td>10</td><td>liabilities assumed</td><td>7514</td><td>20320</td><td>2326</td><td>80724</td><td>25977</td></tr><tr><td>11</td><td>purchase price allocation</td><td>$ 80000</td><td>$ 442325</td><td>$ 84304</td><td>$ 1234000</td><td>$ 257143</td></tr><tr><td>12</td><td>net consideration funded by us at closing</td><td>$ 81632</td><td>$ 81835</td><td>$ 2744</td><td>$ 259228</td><td>$ 70000</td></tr><tr><td>13</td><td>equity and/or debt investment held</td><td>2014</td><td>2014</td><td>$ 16000</td><td>$ 40942</td><td>$ 41432</td></tr><tr><td>14</td><td>debt assumed</td><td>$ 2014</td><td>$ 2014</td><td>$ 65000</td><td>$ 458767</td><td>$ 140000</td></tr></table> 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. .
Question: what was the value of the consolidated interests?

245.7