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
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