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
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