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
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.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93