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112 East 19th Street, New Y...

Jonathan Feistmann, MD Acquires Office Co-op In Gramercy Park, Manhattan For $1.95M
SOLDOffice

Jonathan Feistmann, MD Acquires Office Co-op In Gramercy Park, Manhattan For $1.95M

112 East 19th Street, New York City, New York 10003, United States

$1,950,000

$363/SF

Building Size

5,359 SF

Asset Type

Office

Closing

Aug 30, 2022

AI

A ground floor and basement office co-op located at 112 E. 19th Street in Gramercy Park, Manhattan has been sold in a recent transaction. The property spans a total of 5,359 square feet and was sold for a price of $1,950,000, resulting in a price per square foot of $363.

Summary of transaction details:

  • Property Type: Office Co-op
  • Transaction Amount: $1,950,000
  • Address: 112 E. 19th Street (Ground Floor & Basement)
  • Market: Gramercy Park, Manhattan

The buyer of the property was Jonathan Feistmann, MD, while the seller was Michael Troisi. Elliot Dennis from Wexler Healthcare Properties, The Corcoran Group represented the buyer in the transaction. On the other hand, Craig Waggner, John Ciraulo, and Mike Kavanagh from Cushman & Wakefield represented the seller.

Players

John Ciraulo

Cushman & Wakefield

Broker

$732.2M

vol

47 deals

Broker

Jonathan Feistmann, MD

Buyer

$3.9M

vol

2 deals

Buyer

Michael Troisi

Seller

$3.9M

vol

2 deals

Seller

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

8.13%

Cash-on-Cash

-2.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93