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150 East 55th Street

Updated Dec 4, 2024

Dr. Alevtina Edgar Acquires Office Building In Sutton Place, Manhattan For $2.15M
SOLDOffice

Dr. Alevtina Edgar Acquires Office Building In Sutton Place, Manhattan For $2.15M

150 East 55th Street

$2,150,000

$323/SF

Building Size

6,652 SF

Asset Type

Office

Closing

Jan 23, 2024

About this deal

AI

An office property located at 150 East 55th Street in Sutton Place, Manhattan has been sold in a recent transaction. The property spans over 6,652 square feet and was sold for a price of $2,150,000, resulting in a price per square foot of $323. The transaction took place on January 23, 2024. The property was listed with an asking price of $2,495,000. The buyer of the property is Dr. Alevtina Edgar, while the sellers are Valerie & Nathalie MacCarthy.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,150,000
  • Address: 150 East 55th Street, Sutton Place, Manhattan
  • Market: Sutton Place, Manhattan
  • Buyer: Dr. Alevtina Edgar
  • Seller: Valerie & Nathalie MacCarthy
  • Asking Price: $2,495,000
  • Square Footage: 6,652
  • Price per Square Foot: $323

Sanjana Reddy from Cushman & Wakefield represented both the buyer, Dr. Alevtina Edgar, and the sellers, Valerie & Nathalie MacCarthy, in this transaction.

Players

Sanjana Reddy

Cushman & Wakefield

Broker

$24.6M

vol

6 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $323 per square foot on a published $2.2M for 6,652 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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