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10 E 33rd St, New York, NY ...

Dalan Management And Marcus Partners Acquire Office Property In Manhattan For $38M
FINANCEDOffice

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

Marko Kazanjian

Institutional Property Advisors

Broker

$5.4B

vol

71 deals

Broker
M&T Bank
M&T BankLender

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