60 Guilders Sells Office Building In Midtown Manhattan For $25M
SOLD
$25,000,000
New York
See Similar DealsOffice30,000 SF
Sold 05/24/2022
SOLD
60 Guilders Sells Office Building In Midtown Manhattan For $25M
20 West 33rd Street, New York City, New York 10001, United States
See Similar DealsOffice30,000 SF
Sold 05/24/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$833
Total Square Footage:30,000 SF
Transaction Type:Sale
Located in Midtown Manhattan, the office property at 20 W. 33rd St. has been sold in a closed transaction. The sale was facilitated by 60 Guilders, with Kevin Chisholm and Bastien Broda representing the seller. The transaction took place on 05/24/2022.
Summary of transaction details:
- Property Type: Office
- Sale Price: $25,000,000
- Size: 30,000 SF
- Price per Square Foot: $833
The deal showcases the active real estate market in Midtown Manhattan. The involvement of 60 Guilders, alongside Kevin Chisholm and Bastien Broda as the seller's representatives, highlights their expertise and successful negotiation skills. The transaction demonstrates the desirability of office properties in the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
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