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
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