Peter Stefanopoulos Sells Office Property At 1882 Park Avenue In East Harlem For $1.85M
SOLD
$1,850,000
New York
See Similar DealsOffice3,990 SF
Sold
SOLD
Peter Stefanopoulos Sells Office Property At 1882 Park Avenue In East Harlem For $1.85M
1882 Park Avenue
See Similar DealsOffice3,990 SF
Sold
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$463
Total Square Footage:3,990 SF
Transaction Type:Sale
The property involved in this transaction is an office asset located at 1882 Park Avenue in the East Harlem market. The sale price was $1,850,000, with a total square footage of 3,990, resulting in a price per square foot of $463.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,850,000
- Address: 1882 Park Avenue
- Market: East Harlem
- Seller: Peter Stefanopoulos
- Broker: Anthony Volman - Highcap Group
- Square Footage: 3,990
- Price per Square Foot: $463
Peter Stefanopoulos was the seller of the property, while Anthony Volman from Highcap Group represented him in the transaction. This deal reflects the collaborative effort of key individuals and their respective companies in a successful office asset sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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