SOLDMixed-use
Pan Express Travel Acquires Mixed Use Property In Manhattan For $10M
32 W 38th St, New York, NY 10018, USA
Building Size
71,980 SF
Asset Type
Mixed-use
Closing
Mar 27, 2018
About this deal
AI
The mixed-use property located at 32 West 38th Street, in the bustling city of New York, has been sold in a closed transaction. This property, spanning 7,198 square feet, was purchased for a total price of $10,000,000, resulting in a price per square foot of $1,389.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $10,000,000
- Size: 7,198 square feet
- Price per Square Foot: $1,389
- Address: 32 West 38th Street, New York
- Market: Manhattan
The seller of this property was Wootos Realty, while the buyer was Pan Express Travel.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93