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127 W 24th St 5th Floor, Ne...

George Wasilewski Acquires Office In Chelsea For $3.6M
SOLDOffice

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

Brock Emmetsberger

Matthews

Broker

$352.8M

vol

28 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

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