SOLDOffice
Houston Street Capital Acquires Office Building In Murray Hill, Manhattan For $7.5M
207 E 32nd St, New York, NY 10016, USA
$7,500,000
$78/SF
Building Size
95,460 SF
Asset Type
Office
Closing
Oct 8, 2020
About this deal
AI
The property involved in this transaction is located at 207 East 32nd Street in Murray Hill, Manhattan. It is classified as an office space with a zoning designation of R8B. The property spans a total area of 9,546 square feet.
Summary of transation details
- Property Type: Office
- Transaction Amount: $7,500,000
- Square Footage: 9,546 SF
- Price per Square Foot: $785
- Address: 207 East 32nd Street
- Market: Murray Hill, Manhattan
The buyer in this transaction is Houston Street Capital, while the seller is the Estate of Milton Glaser.
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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93