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410 East 92nd Street

Gillen Brewer School Acquires Office Condos On Upper East Side For $12.9M
SOLDCondo

Gillen Brewer School Acquires Office Condos On Upper East Side For $12.9M

410 East 92nd Street

$12,900,000

$788/SF

Building Size

16,370 SF

Asset Type

Condo

Closing

Aug 23, 2022

AI

The Gillen Brewer School has purchased four office condominiums at 410 East 92nd Street in the Upper East Side of Manhattan. The transaction was facilitated by B6 Real Estate Advisors, with a sale price of $12,900,000. The office space has a total area of 16,370 square feet, resulting in a price per square foot of $788.

Summary of transaction details

  • Property Type: Office Condo
  • Transaction Amount: $12,900,000
  • Address: 410 E. 92nd St.
  • Market: Upper East Side

Christian Kane, Paul Massey, Tom Gammino, and Patrick Donahue from B6 Real Estate Advisors represented both parties in the deal. The sellers, Spence-Chapin Services to Families & Children, found the Gillen Brewer School to be the ideal end-user for the office condominiums. If you are considering selling your property in NYC, you can reach out to B6 Real Estate Advisors for a property assessment.

Players

Thomas Gammino

Lee & Associates

Broker

$223.9M

vol

15 deals

Broker

New York Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.23%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93