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
About this deal
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.
On the Map
$12,900,000
$788/SF
Condo
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Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $788 per square foot on a published $12.9M for 16,370 square feet (2022).
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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