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

Property Image
SOLD
$18,950,000
Hunter Moss
Michael Decheser
Bryan Hurley

New York

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Office11,664 SF
Sold 07/25/2023
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Property Image
SOLD

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

137 2nd Ave New York, NY 10003, USA

See Similar Deals
Office11,664 SF
Sold 07/25/2023
Hunter Moss
Michael Decheser
Bryan Hurley
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$1,624
Total Square Footage:11,664 SF
Transaction Type:Sale

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
Bryan Hurley
42 deals$428.3M volume(212) 660-7706
BROKER
Hunter Moss
Cushman & Wakefield
Hunter Moss
13 deals$143.4M volume
BROKER
Michael Decheser
Cushman & Wakefield
Michael Decheser
41 deals$363.4M volume(917) 974-9207
BROKER
CG
Cofinance Group
SELLER

Details

SOLD
IMAGE: Bryan Hurley, Hunter Moss & Michael Decheser DATE: 07/25/2023 ADDRESS: 137 2nd Avenue MARKET: New York City ASSET TYPE: Office SELLER: CoFinance Group BROKERS: Hunter Moss (@BuildingInvestmentSales), Bryan Hurley (@BfHurley3) & Michael Decheser (@MichaelfDecheser) - Cushman & Wakefield SALE PRICE: $18,950,000 SF: 11,664 ~ PPSF: $1,625

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$67,325.36
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