U.S. Department Of State Acquires Office Condo In Turtle Bay For $4M
SOLD
$4,000,000
New York
See Similar Deals2,731 SF
Sold 08/11/2022
SOLD
U.S. Department Of State Acquires Office Condo In Turtle Bay For $4M
866 1st Avenue
See Similar Deals2,731 SF
Sold 08/11/2022
Summary
NEW YORK
Price Per Square Foot:$1,464
Total Square Footage:2,731 SF
Transaction Type:Sale
An office condominium located at 866 United Nations Plaza in Turtle Bay has been sold for $4,000,000. The property spans 2,731 square feet, resulting in a price per square foot of $1,464. The sale took place on 08/11/2022.
Summary of transaction details:
- Property Type: Office condo
- Transaction Amount: $4,000,000
- Address: 866 United Nations Plaza
- Market: Turtle Bay
- Buyer: The U.S. Department of State - Cliff Seagroves
- Seller: Carlyle Group - Jason Hart
- Square Feet: 2,731
- Price per Square Foot: $1,464
The U.S. Department of State, represented by Cliff Seagroves, acquired the office condominium from the Carlyle Group, represented by Jason Hart. No additional information is available.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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