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.
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