Collectors Club Sells Office Building In Murray Hill, Manhattan For $8M Via Tristan Harper - Douglas Elliman
22 East 35th Street
$8,050,000
$1,069/SF
Building Size
7,524 SF
Asset Type
Office
Closing
Nov 15, 2022
AI
The office property located at 22 East 35th Street in Murray Hill, Manhattan has been sold. The property, owned by Collectors Club, was sold for a price of $8,050,000. The total square footage of the property is 7,524, resulting in a price per square foot of $1,070.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,050,000
- Address: 22 East 35th Street
- Market: Murray Hill, Manhattan
- Seller: Collectors Club
- Buyer's Representative: Tristan Harper - Douglas Elliman
- Seller's Representatives: John Ciraulo, Craig Waggner, Mike Kavanagh, & Carri Lyon - Cushman & Wakefield
- Square Footage: 7,524
- Price per Square Foot: $1,070
The deal was facilitated by Tristan Harper from Douglas Elliman, representing the buyer in the transaction. On the seller's side, John Ciraulo, Craig Waggner, Mike Kavanagh, and Carri Lyon from Cushman & Wakefield acted as the seller's representatives.
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
1.97%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93