Laxman Hari Real Estate Acquires Property From Lion Partners For $6.22M With Buyer’s Rep Gregory Gang
246 W 38th St, New York, NY, 10018
$6,220,000
$782/SF
Building Size
7,950 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property involved in the transaction is located at 246 W 38th St, New York, NY, 10018. It was sold for a total price of $6,220,000.00 and encompasses a total square footage of 7,950. The market for this transaction is New York.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $6,220,000.00
- Square Footage: 7,950 SF
- Address: 246 W 38th St, New York, NY, 10018
- Market: New York
- Buyer: Laxman Hari Real Estate
- Seller: Lion Partners
- Buyer's Representative: Gregory Gang-Lee & Associates
- Seller's Representative: Jonata Dayan-Resolution Real Estate Partners
Key individuals in this transaction include the buyer Laxman Hari Real Estate and the seller Lion Partners. The deal was facilitated by the buyer's representative Gregory Gang-Lee & Associates and the seller's representative Jonata Dayan of Resolution Real Estate Partners, ensuring a structured transaction process.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.55%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93