Kim, Song & Associates Acquires Office Building At 25 W. 31st St. In Midtown South For $4.75M
25 W. 31st St.
$4,750,000
Building Size
—
Asset Type
—
Closing
Sep 15, 2022
About this deal
AI
The office building located at 25 W. 31st St. in Midtown South has been sold in a recent transaction. The property spans 5,930 square feet and was sold for a price of $4,750,000. This translates to a price per square foot of $801.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,750,000
- Address: 25 W. 31st St.
- Market: Midtown South
- Square Footage: 5,930
- Buyer: Kim, Song & Associates
- Seller: The Peak Organization
- Buyer's Representative: Suzy Byun - Realty Artes
- Seller's Representatives: Michael Rudder & Justin Harris - Rudder Property Group
The buyer in this transaction is Kim, Song & Associates, represented by Suzy Byun from Realty Artes. The seller, on the other hand, is The Peak Organization. The deal was facilitated by Michael Rudder and Justin Harris from Rudder Property Group, who represented the seller.
On the Map
$4,750,000
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Players
Hialeah CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93