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20 W 33rd St #2008, New Yor...

Local 372 – NYC Board Of Education Employees Acquire Office Condo At 20 West 33rd Street For $9.3M
SOLDOffice

Local 372 – NYC Board Of Education Employees Acquire Office Condo At 20 West 33rd Street For $9.3M

20 W 33rd St #2008, New York, NY 10001, USA

$9,289,820

$89/SF

Building Size

104,380 SF

Asset Type

Office

Closing

Dec 12, 2019

AI

An office condo located at 20 West 33rd Street – Unit 2008 in Penn Plaza has been sold for a total price of $9,289,820. The property spans across 10,438 square feet and was purchased at a price of $890 per square foot.

Summary of transaction details

  • Property Type: Office Condo
  • Transaction Amount: $9,289,820
  • Address: 20 West 33rd Street – Unit 2008
  • Market: Penn Plaza
  • Square Footage: 10,438
  • Price per Square Foot: $890

The seller of the office condo was 60 Guilders, represented by James Nelson, David Lawrence, Carter Lovejoy, and other individuals. On the other hand, the buyer of the property was Local 372 - NYC Board of Education Employees.

Note: No additional information is available regarding the transaction.

Players

Carter Lovejoy

Broker

$43.5M

vol

4 deals

Broker

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

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93