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20 W 33rd St #2007, New Yor...

JLA Home Acquires Office Condo In Koreatown For $35.3M
SOLDOffice

JLA Home Acquires Office Condo In Koreatown For $35.3M

20 W 33rd St #2007, New York, NY 10001, USA

$12,878,160

$92/SF

Building Size

139,980 SF

Asset Type

Office

Closing

Oct 3, 2018

AI

The office condo located at 20 W. 33rd St. in Koreatown has been sold in a recent transaction. The property, spanning 55,000 square feet, was sold for a price of $35,255,886. This translates to a price per square foot of $641, showcasing the value of the asset in the market.

Summary of transation details

  • Property Type: Office Condo
  • Transaction Amount: $35,255,886
  • Address: 20 W. 33rd St.
  • Market: Koreatown
  • Zoning: C6-4

The buyer in this transaction is JLA Home, represented by Edmund Jin. On the other hand, the seller is 60Guilders. These key individuals and companies played a crucial role in the deal, ensuring the successful completion of the transaction.

Players

JH
JLA HomeBuyer

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.23%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93