60 Guilders Sells Office Building In Midtown Manhattan For $25M
20 West 33rd Street, New York City, New York 10001, United States
$25,000,000
$833/SF
Building Size
30,000 SF
Asset Type
Office
Closing
May 23, 2022
AI
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.
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93