U.S. Department Of State Acquires Office Condo In Turtle Bay For $4M
866 1st Avenue
$4,000,000
$1,464/SF
Building Size
2,731 SF
Asset Type
—
Closing
Aug 11, 2022
About this deal
AI
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.
On the Map
$4,000,000
$1,464/SF
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About $1.5K per square foot on a published $4M for 2,731 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93