Aaron Luo Acquires Office Building In Chelsea For $2.1M
119 West 22nd Street, New York City, New York 10011, United States
$2,100,000
$613/SF
Building Size
3,425 SF
Asset Type
Office
Closing
Nov 10, 2021
AI
An office property located at 119 W. 22nd Street in Chelsea, New York City, was recently sold for $2,100,000. The property spans a total area of 3,425 square feet, resulting in a price per square foot of $613. The sale transaction was completed on November 10, 2021.
Summary of transaction details
- Property Type: Office
- Sale Price: $2,100,000
- Square Footage: 3,425
- Price Per Square Foot: $613
- Market: Chelsea
- Buyer: Aaron Luo
- Seller: Patricia Kuwaya
- Broker: Mark Roopchan - Prime Manhattan Realty
The buyer of the property was Aaron Luo, and the seller was Patricia Kuwaya. The transaction was facilitated by Mark Roopchan from Prime Manhattan Realty.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93