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137 2nd Ave New York, NY 10...

CoFinance Group Sells Office Building In New York City For $18.95M
SOLDOffice

CoFinance Group Sells Office Building In New York City For $18.95M

137 2nd Ave New York, NY 10003, USA

$18,950,000

$1,624/SF

Building Size

11,664 SF

Asset Type

Office

Closing

Jul 25, 2023

AI

The CoFinance Group has sold an office property located at 137 2nd Avenue in New York City. The property spans across 11,664 square feet and was sold for a total of $18,950,000, resulting in an average price per square foot of $1,625. The sale transaction was facilitated by the broker representatives from Cushman & Wakefield, including Hunter Moss, Bryan Hurley, and Michael Decheser.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $18,950,000
  • Square Footage: 11,664
  • Price per Square Foot: $1,625
  • Address: 137 2nd Avenue, New York City
  • Sellers: CoFinance Group
  • Brokers: Hunter Moss, Bryan Hurley, and Michael Decheser from Cushman & Wakefield

Hunter Moss, Bryan Hurley, and Michael Decheser from Cushman & Wakefield played a pivotal role as the broker representatives in this property transaction. Their expertise and market knowledge contributed to the successful sale of the office property located at 137 2nd Avenue in New York City. This deal signifies the continued growth and activity in the New York City office market.

Players

Bryan Hurley

Cushman & Wakefield

Broker

$428.3M

vol

42 deals

Broker
CG
Cofinance GroupSeller

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

0.84%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93