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.
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