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21 Murray Street

Empire Office Co Sells Office At 21 Murray Street In Tribeca For $7.13M
SOLDOffice

Empire Office Co Sells Office At 21 Murray Street In Tribeca For $7.13M

21 Murray Street

$7,126,000

$619/SF

Building Size

11,500 SF

Asset Type

Office

Closing

Jun 17, 2026

AI

The property asset involved in this transaction is located at 21 Murray Street in the Tribeca market. It is classified as an office asset with a total square footage of 11,500. The sale price was set at $7,126,000, equating to a price per square foot of $619.

Summary of transaction details:

The transaction was facilitated by a team of brokers from Meridian Capital Group, including David Schechtman, Henry Barnathan, and Jonathan Schwartz, who represented the seller, Empire Office Co, under the leadership of Peter Gaslow.

Players

David Schechtman

Meridian Capital Group

Broker

$1.8B

vol

68 deals

Broker

Market 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

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93