Hope Church Acquires Mixed-Use Property In Murray Hill For $10.75M
109 E 31st St, New York, NY 10016, USA
$10,750,000
$737/SF
Building Size
14,581 SF
Asset Type
Mixed-use
Closing
Sep 4, 2019
AI
The mixed-use property at 109 East 31st Street in Murray Hill has been sold in a closed transaction. The property was fully vacant at the time of sale and was delivered as such. The sale price for the property was $10,750,000, with an asking price of $11,000,000. The property spans 14,581 square feet, resulting in a price per square foot of $737.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,750,000
- Address: 109 East 31st Street
- Market: Murray Hill
- Seller: @JewsForJesusNYC
- Buyer: Hope Church
- Brokers: Larry Link, Michael Greenberg, Menachem Green
The deal involved several key individuals and companies. The seller was @JewsForJesusNYC, representing the seller's interests during the transaction. On the buyer's side, Hope Church was the purchasing entity. The deal was facilitated by brokers Larry Link, Michael Greenberg, and Menachem Green, who represented the respective parties throughout the transaction.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93