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105 Washington St, Manhatta...

Pinkstone Capital Sells Financial District Office Building For $9.5M - Victor Sozio, Shimon Shkury, Howard Raber & James Nestor Represented The Seller
SOLDOffice

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

Howard Raber

Ariel Property Advisors

Broker

$180.6M

vol

17 deals

Broker

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