Madison Holdings LLC Purchases 197 Madison St New York From 197 Madison LLC For $9.2M
SOLD
$9,200,000
New York
See Similar Deals11,300 SF
SOLD
Madison Holdings LLC Purchases 197 Madison St New York From 197 Madison LLC For $9.2M
197 Madison St, New York, NY, 10002
See Similar Deals11,300 SF
Summary
NEW YORK
Price Per Square Foot:$814
Total Square Footage:11,300 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 197 Madison St, New York, NY, 10002. The sale was completed for a price of $9,200,000.00, encompassing a total square footage of 11,300. This deal is situated within the New York market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $9,200,000.00
- Address: 197 Madison St, New York, NY, 10002
- Market: New York
- Buyer: Madison Holdings LLC
- Seller: 197 Madison LLC
- Buyer’s Representative: John Florek
John Florek represented Madison Holdings LLC in this transaction, facilitating the deal on behalf of the buyer. The seller, 197 Madison LLC, engaged in this transaction, signifying important activity in the New York real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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