Utility Workers Of America Acquires Mixed-Use Property In Midtown East For $10M
8 East 36th Street, New York City, New York 10016, United States
$10,000,000
$909/SF
Building Size
11,000 SF
Asset Type
Mixed-use
Closing
Jun 20, 2022
About this deal
AI
The mixed-use property located at 8 E. 36th St. in Midtown East has been sold for a total of $10,000,000. The property spans 11,000 square feet, resulting in a price per square foot of $909. The transaction took place on June 21, 2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,000,000
- Address: 8 E. 36th St.
- Market: Midtown East
- SF: 11,000
- PPSF: $909
Zach Redding and Dylan Kane from Kane Redding acted as the brokers in this sale. They represented the buyer, Utility Workers of America, in the transaction.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93