Tyler Shea Acquires Office Building On 111 East 59 Street In Lenox Hill, Manhattan For $5M
111 East 59th Street
$5,000,000
$29/SF
Building Size
170,511 SF
Asset Type
Office
Closing
Sep 28, 2023
About this deal
AI
The office property located at 111 East 59 Street in Lenox Hill, Manhattan has been sold. The transaction took place on 9/28/2023, with a sale price of $5,000,000. The property has a total building square footage (BSF) of 144,600, with a price per BSF of $35. The total square footage (SF) of the office is 170,511, with a price per SF of $29.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,000,000
- Address: 111 East 59 Street, Lenox Hill, Manhattan
- Market: Lenox Hill, Manhattan
- Buyer: Tyler Shea
- Seller: Hayley Greenberg
- BSF: 144,600
- PPBSF: $35
- SF: 170,511
- PPSF: $29
The buyer of the property is Tyler Shea, while the seller is Hayley Greenberg. These individuals were the key players in the transaction. No additional information is available regarding their roles or relationships in this 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93