George Wasilewski Acquires Office In Chelsea For $3.6M
127 W 24th St 5th Floor, New York, Ny 10011, Usa
$3,625,000
$81/SF
Building Size
44,500 SF
Asset Type
Office
Closing
Feb 23, 2020
AI
The office space located at 127 West 24th Street (5th Floor) in Chelsea has been sold in a closed property transaction. The property, measuring 4,450 square feet, was sold at a price of $3,625,000, resulting in a price per square foot of $814.
Summary of transation details
- Property Type: Office
- Transaction Amount: $3,625,000
- Square Footage: 4,450
- Price Per Square Foot: $814
- Address: 127 West 24th Street (5th Floor)
The seller of the office space was the Ull Family, while the buyer was George Wasilewski. The transaction was facilitated by the brokers Brock Emmetsberger, Ryan Kossoy, and Reed Waggoner.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.38%
Cash-on-Cash
-1.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93