Republic Of Austria Acquires Office Condo In Murray Hill For $10.7M
633 Third Avenue, Manhattan, New York, NY, USA
$10,741,000
$575/SF
Building Size
18,680 SF
Asset Type
Mixed-use
Closing
Dec 28, 2020
About this deal
AI
The property involved in this closed transaction is an office condo located at 633 Third Avenue in Murray Hill. The property has a total of 18,680 square feet and was sold for a price of $10,741,000, resulting in a price per square foot of $575.
Summary of transaction details:
- Property Type: Office condo
- Transaction Amount: $10,741,000
- Address: 633 Third Avenue
- Market: Murray Hill
The buyer of the property is the Republic of Austria, while the Partnership to End Addiction served as the seller. The buyer was represented by Ira Schuman and Stephan Steiner from Savills, and the seller was represented by Josh Kuriloff, Craig Waggner, John Ciraulo, JP Will, and Matthias Li from Cushman & Wakefield.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
About $575 per square foot on a published $10.7M for 18,680 square feet (2020).
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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