facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Sale

/

15 West 36th Street

Walter & Samuels Sells Office Asset At 15 West 36th Street For $21.5M In Midtown South
SOLDOffice

Walter & Samuels Sells Office Asset At 15 West 36th Street For $21.5M In Midtown South

15 West 36th Street

$21,500,000

$306/SF

Building Size

70,099 SF

Asset Type

Office

Closing

Nov 21, 2024

AI

The property asset involved in the transaction is an office building located at 15 West 36th Street in the Midtown South market. It has a total square footage of 70,099 and was sold for a price of $21,500,000, which translates to a price per square foot of $306.

Summary of transaction details:

The deal was facilitated by brokers James Nelson, Erik Edeen, Charles Kingsley, and Eric Karmitz, representing Walter & Samuels as the seller of the property. Their collaboration played a significant role in completing this transaction in the office market of Midtown South.

Players

Eric Karmitz

Avison Young

Broker

$767.7M

vol

36 deals

Broker

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

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93