Dalan Management And Marcus Partners Acquire Office Property In Manhattan For $38M
10 E 33rd St, New York, NY 10016, USA
$38,000,000
$1,277/SF
Building Size
29,757 SF
Asset Type
Office
Closing
Aug 10, 2018
AI
Dalan Management and Marcus Partners have acquired an office property located at 10-12 E 33rd St in Manhattan, New York. The transaction, which took place on August 10, 2018, was valued at $38,000,000. The property is an office building situated in the Manhattan market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $38,000,000
- Address: 10-12 E 33rd St
- Market: Manhattan
Max Herzog, Marko Kazanjian, and Matt Fagella from JLL NY Capital Markets served as brokers for the deal, representing Dalan Management and Marcus Partners. Andrew Wrublin, Daniel Wrublin, Max Herzog, and Paul Marcus were involved in the transaction.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93