John JK Lee Acquires Office In Midtown Manhattan For $12.5M
20 W 33rd St, New York, NY 10001, USA
$12,499,570
Building Size
—
Asset Type
—
Closing
Sep 3, 2019
AI
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.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93