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125 E 39th St, New York, NY...

125 East 39 Owner LLC Acquires Mixed Use Property In Murray Hill For $7.4M
SOLDMixed-use

125 East 39 Owner LLC Acquires Mixed Use Property In Murray Hill For $7.4M

125 E 39th St, New York, NY 10016, USA

$7,400,000

$86/SF

Building Size

86,000 SF

Asset Type

Mixed-use

Closing

Oct 30, 2018

AI

The mixed-use property located at 125 East 39th Street in Murray Hill has been sold for a total of $7,400,000. The property spans over 8,600 square feet, resulting in a price per square foot of $860. The gross income generated by the property amounts to $454,000. The transaction took place on October 31, 2018.

Summary of transaction details

  • Property Type: Mixed Use
  • Transaction Amount: $7,400,000
  • Address: 125 East 39th Street
  • Market: Murray Hill
  • Square Footage: 8,600
  • Price per Square Foot: $860
  • Gross Income: $454,000

The seller of the property is Issembert Companies, while the buyer is 125 East 39 Owner LLC, represented by Ben Thypin. The deal was facilitated by brokers Jim Mann and George Niblock from Friedman Roth Realty.

Players

Jim Mann

Friedman-Roth Realty

Broker

$64.9M

vol

8 deals

Broker
Quantierra
QuantierraBuyer

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

2.14%

Cash-on-Cash

-0.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93