United Fortune Inc. Acquires Office Condo In Midtown Manhattan For $2.6M
32 West 39th Street
$2,585,000
$651/SF
Building Size
3,970 SF
Asset Type
Condo
Closing
Sep 29, 2023
About this deal
AI
The office condo located at 32 West 39th Street - 16th Floor in Midtown, Manhattan has been sold for $2,585,000. Spanning across 3,970 square feet, the property was purchased by United Fortune Inc. The sale price per square foot was $651.
Summary of transaction details
- Property Type: Office Condo
- Transaction Amount: $2,585,000
- Address: 32 West 39th Street - 16th Floor, Midtown, Manhattan
- Buyer: United Fortune Inc.
- Seller: R & B Realty
- Buyer's Representative: Manny Advani - UP Real Estate Advisors LLC
- Seller's Representatives: Michael Rudder & Justin Harris - Rudder Property Group
Manny Advani from UP Real Estate Advisors LLC represented the buyer, United Fortune Inc., in this transaction. On the other hand, the seller, R & B Realty, was represented by Michael Rudder and Justin Harris from Rudder Property Group.
On the Map
$2,585,000
$651/SF
Condo
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.14%
Cash-on-Cash
-1.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93