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:
- Property Type: Office
- Transaction Amount: $7,126,000
- Address: 21 Murray Street
- Market: Tribeca
- Square Footage: 11,500
- Price per Square Foot: $619
- Seller: Empire Office Co - Peter Gaslow
- Brokers: David Schechtman, Henry Barnathan & Jonathan Schwartz - Meridian Capital Group
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
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