SOLDOffice
Neil Hershman Acquires 9,600 Square Foot Office At 105 2nd Avenue For $4.5M
105 2nd Avenue
$4,500,000
$468/SF
Building Size
9,600 SF
Asset Type
Office
Closing
May 27, 2026
About this deal
AI
An office property located at 105 2nd Avenue in Manhattan's East Village was sold for $4.5 million. The property spans 9,600 square feet, leading to a price of approximately $469 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,500,000
- Square Footage: 9,600
- Price per Square Foot: $469
- Buyer: Neil Hershman
- Seller: Kimberly Romano - Emigrant Bank
- Date of Transaction: 05/27/2026
- Market: East Village, Manhattan
Neil Hershman has completed the acquisition, representing a significant transaction involving Kimberly Romano from Emigrant Bank. This deal showcases the ongoing activity within the commercial real estate sector in Manhattan.
On the Map
$4,500,000
$468/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Kimberly Romano to view all their deals.
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93