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20 W 33rd St, New York, NY ...

John JK Lee Acquires Office In Midtown Manhattan For $12.5M
SOLD

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

Carter Lovejoy

Broker

$43.5M

vol

4 deals

Broker

New York 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

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93