Matthew Coleman Acquires Office Space At 1825 Park Avenue In Manhattan For $56.2M
1825 Park Avenue
$56,226,159
$499/SF
Building Size
112,500 SF
Asset Type
Office
Closing
Dec 15, 2023
About this deal
AI
Matthew Coleman has purchased an office space located at 1825 Park Avenue in the Park Avenue market of Manhattan. The property has a total square footage of 112,500 square feet with a price per square foot of $500. The transaction was closed on December 15, 2023, with a total price of $56,226,159. Nicholas Bienstock acted as the seller in this deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $56,226,159
- Address: 1825 Park Avenue
- Market: Park Avenue, Manhattan
- Buyer: Matthew Coleman
- Seller: Nicholas Bienstock
This transaction highlights Matthew Coleman's acquisition of an office space in the Park Avenue market of Manhattan. The deal was successfully closed, with Nicholas Bienstock representing the seller. The purchase price for the property was $56,226,159, and the total square footage of the office building is 112,500 square feet.
On the Map
$56,226,159
$499/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93