Equitas Capital Group Acquires Office Condo In Midtown Manhattan For $1.55M
34 West 44th Street, New York, NY 10036
$1,550,000
$313/SF
Building Size
4,940 SF
Asset Type
Mixed-use
Closing
Jun 3, 2020
About this deal
AI
An office condo located at 34-36 W. 44th Street in Midtown Manhattan has been sold for a price of $1,550,000. The property was sold on 06/03/2021.
Summary of transaction details
- Property Type: Office Condo
- Transaction Amount: $1,550,000
- Address: 34-36 W. 44th Street
- Market: Midtown Manhattan
The sale was facilitated by brokers Alex Leykind and Istvan Ritz from Equitas Capital Group.
Equitas Capital Group specializes in tailor-made solutions for Commercial Real Estate Financing. They invest time and resources in their clients, understanding their needs and challenges. Equitas Capital Group has been actively involved in the Health Care Finance Sector.
For more information on financing your next health practice, you can reach out to Equitas Capital Group at 646-637-7510.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93