Altneu Synagogue Acquires Office On Upper East Side For $34.5M
107 East 70th Street
$34,500,000
$1,516/SF
Building Size
22,750 SF
Asset Type
Office
Closing
Mar 29, 2024
AI
The property at 107 East 70th Street in the Upper East Side was recently sold. The asset, an office space, was sold for $34,500,000. The building spans 22,750 square feet, resulting in a price per square foot of $1,516.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $34,500,000
- Address: 107 East 70th Street
- Market: Upper East Side
- Buyer: The Altneu Synagogue
- Seller: Visiting Nurse Service Of New York
- Broker: Joshua Nazar - Venture Capital Properties
The deal was facilitated by Joshua Nazar from Venture Capital Properties. The buyer was The Altneu Synagogue, and the seller was Visiting Nurse Service Of New York. Joshua Nazar played a key role in negotiating the sale of this office property.
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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93