Bared Monkey Purchases Office Space At 131 West 35th Street From Elfa International For $2.6M
SOLD
New York
See Similar DealsOffice7,725 SF
Sold
SOLD
Bared Monkey Purchases Office Space At 131 West 35th Street From Elfa International For $2.6M
131 West 35th Street
See Similar DealsOffice7,725 SF
Sold
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$336
Total Square Footage:7725 SF
Transaction Type:Sale
This office asset located at 131 West 35th Street is situated in the Midtown South market. The property was sold for $2,600,000, encompassing a total of 7,725 square feet, resulting in a price per square foot of $336.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,600,000
- Buyer: Bared Monkey
- Seller: Edward Assile - Elfa International
- Buyer's Representative: Michael Rudder & Justin Harris - Rudder Property Group
- Seller's Representatives: Christopher Okada, Elena Ivanova & Thomas Capuano - Okada & Company
The transaction saw buyer-user Bared Monkey acquire the property, which was originally listed for lease. The successful closing marks a noteworthy adaptation in the local real estate market, finalizing the deal on January 16, 2025.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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