International Cinematographers Guild Acquires Office Condo In Manhattan For $10.8M
70 W 36th St, New York, NY 10018, USA
Building Size
7,849 SF
Asset Type
—
Closing
Oct 16, 2017
About this deal
AI
The office condo located at 70 W 36th Street in New York City's Manhattan market has been sold in a closed transaction. The property was sold for a total of $10,830,919, with a square footage of 7,849 and a price per square foot of $1,380.
Summary of transaction details:
- Property Type: Office Condo
- Transaction Amount: $10,830,919
- Address: 70 W 36th Street
- City: New York
- Market: Manhattan
- Square Footage: 7,849 SF
- Price per Square Foot: $1,380
Time Equities acted as the seller, while International Cinematographers Guild was the buyer in this transaction.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93