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109 E 31st St, New York, NY...

Updated Oct 29, 2024

Bilt advertisement
Hope Church Acquires Mixed-Use Property In Murray Hill For $10.75M
SOLDMixed-use

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

About this deal

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

Larry Link

Broker

$19M

vol

6 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $737 per square foot on a published $10.8M for 14,581 square feet (2019).

Visit Michael Greenberg to view all their deals.

Browse New York mixed use sales on Traded.

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

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