John JK Lee Acquires Office In Midtown Manhattan For $12.5M
SOLD
$12,499,570
+ 2
New York
See Similar DealsSold 09/04/2019
SOLD
John JK Lee Acquires Office In Midtown Manhattan For $12.5M
20 W 33rd St, New York, NY 10001, USA
See Similar DealsSold 09/04/2019
+ 2
Summary
NEW YORK
Transaction Type:Sale
The office property located at 20 West 33rd St – Unit 2010 in Midtown has been sold in a closed transaction. The property spans 13,966 square feet and was sold for a price of $12,499,570, resulting in a price per square foot of $895.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $12,499,570
- Square Footage: 13,966
- Address: 20 West 33rd St – Unit 2010
- Market: Midtown
The sellers of the property were Kevin Chisholm and Bastien Broda. The buyer was John JK Lee. Representing the sellers in the transaction were James Nelson, David Lawrence, and Carter Lovejoy from Avison Young. The buyer's representative information was not available.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$666,643.73
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,408.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,254.34
Annual Debt Service$711,052.07
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