Klosed Properties & Namdar Realty Group Acquire Office Building In Midtown East For $26.2M
20 E 46th St, New York, NY 10017
$26,194,159
$277/SF
Building Size
94,461 SF
Asset Type
Office
Closing
Aug 14, 2023
About this deal
AI
20 East 46th Street in Midtown East, Manhattan has been sold in a recent transaction. The property is an office asset with a total area of 94,461 square feet. The sale price for this property was $26,194,159, resulting in a price per square foot of $277. The transaction took place between the buyer, Klosed Properties & Namdar Realty Group, and the seller, Eastwest Bank. The brokers involved in the deal were Alex Fuchs and Ben Khakshoor of Rosewood Realty Group.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $26,194,159
- Square Footage: 94,461
- Price per Square Foot: $277
- Buyer: Klosed Properties & Namdar Realty Group
- Seller: Eastwest Bank
- Brokers: Alex Fuchs & Ben Khakshoor - Rosewood Realty Group
Rosewood Realty Group, represented by brokers Alex Fuchs and Ben Khakshoor, successfully arranged the sale of the note on 20 East 46th Street, New York, NY. For similar opportunities, interested parties can reach out to [email protected] or [email protected].
On the Map
$26,194,159
$277/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Alex Fuchs to view all their deals.
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93