Jonathan Feistmann, MD Acquires Office Co-op In Gramercy Park, Manhattan For $1.95M
112 E. 19th Street (Ground Floor & Basement)
$1,950,000
Building Size
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Asset Type
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Closing
Aug 31, 2022
AI
The property involved in this closed transaction is an office co-op located at 112 E. 19th Street in the Gramercy Park neighborhood of Manhattan. The property consists of the ground floor and basement, spanning a total of 5,359 square feet. The sale price for this asset was $1,950,000, resulting in a price per square foot of $363.
Summary of transaction details
- Property Type: Office Co-op
- Transaction Amount: $1,950,000
- Address: 112 E. 19th Street (Ground Floor & Basement)
- Market: Gramercy Park, Manhattan
- Square Footage: 5,359
- Price per Square Foot: $363
In this transaction, the buyer was Jonathan Feistmann, MD. The seller of the property was Michael Troisi. Acting as the buyer's representative was Elliot Dennis from Wexler Healthcare Properties, The Corcoran Group. On the other side, representing the seller were Craig Waggner, John Ciraulo, and Mike Kavanagh from Cushman & Wakefield.
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93