Pinkstone Capital Sells Financial District Office Building For $9.5M - Victor Sozio, Shimon Shkury, Howard Raber & James Nestor Represented The Seller
105 Washington St, Manhattan, New York, NY, USA
$9,500,000
$412/SF
Building Size
23,019 SF
Asset Type
Office
Closing
Mar 24, 2021
AI
A 23,019 square foot office property located at 105 Washington St. in the Financial District was recently sold for $9,500,000. The property, listed by Pinkstone Capital, was sold on March 25, 2021. The price per square foot for the transaction was $430.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $9,500,000
Victor Sozio, Shimon Shkury, Howard Raber, and James Nestor from ArielPA.NYC represented the seller, Pinkstone Capital, in the deal.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93