Hirschfeld Properties Acquires Office Building On Upper East Side For $28.5M
207 E 94th St #213, New York, NY 10128, USA
$28,500,000
$73/SF
Building Size
386,550 SF
Asset Type
Office
Closing
Dec 10, 2019
AI
The office property located at 207-213 East 94th Street in the Upper East Side has been sold for a total price of $28,500,000. This property spans a total area of 38,655 square feet, resulting in a price per square foot of $737.29. The transaction took place on 12/11/2019.
Summary of transaction details:
- Property Type: Office
- Sale Price: $28,500,000
- Square Footage: 38,655 SF
- Price Per Square Foot: $737.29
- Address: 207-213 East 94th Street, Upper East Side
The seller of the property is Glenwood Management Corp, represented by Carole Pittelman. On the other hand, the buyer is Hirschfeld Properties, represented by Elie Hirschfeld. The buyer's representative in this deal is Dan Myers, while the seller's representatives are Bunny Escava and Jared Rahmanan.
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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93