Pinkstone Capital Sells Financial District Office Building For $9.5M - Victor Sozio, Shimon Shkury, Howard Raber & James Nestor Represented The Seller
SOLD
$9,500,000
+ 1
New York
See Similar DealsOffice23,019 SF
Sold 03/25/2021
SOLD
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
See Similar DealsOffice23,019 SF
Sold 03/25/2021
+ 1
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$412
Total Square Footage:23,019 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$506,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16
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