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22 East 35th Street

Collectors Club Sells Office Building In Murray Hill, Manhattan For $8M Via Tristan Harper - Douglas Elliman
SOLDOffice

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

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

Carri Lyon

Cushman & Wakefield

Broker

$89.4M

vol

22 deals

Broker

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