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

Property Image
SOLD
$8,050,000
Carri Lyon
John Ciraulo
+ 2

New York

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Office7,524 SF
Sold 11/15/2022
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Property Image
SOLD

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

22 East 35th Street

See Similar Deals
Office7,524 SF
Sold 11/15/2022
Carri Lyon
John Ciraulo
+ 2
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$1,069
Total Square Footage:7,524 SF
Transaction Type:Sale

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
22 deals$89.4M volume
BROKER

John Ciraulo
Cushman & Wakefield
47 deals$732.2M volume(212) 660-7700
BROKER

Mike Kavanagh
Newmark
30 deals$301M volume(212) 660-7765
BROKER

Craig Waggner
Cushman & Wakefield
46 deals$696M volume
BROKER

Tristan Harper
Douglas Elliman
4 deals$123.1M volume
BROKER

Details

SOLD
IMAGE: John Ciraulo, Craig Waggner, Mike Kavanagh & Carri Lyon DATE: 11/15/2022 ADDRESS: 22 East 35th Street MARKET: Murray Hill, Manhattan ASSET TYPE: Office SELLER: Collectors Club BUYER'S REP: Tristan Harper - Douglas Elliman SELLER'S REP: John Ciraulo (@JohnCiraulo), Craig Waggner (@Craig_Waggner), Mike Kavanagh (@KavanaghMike) (@TeamCirauloWaggner) & Carri Lyon - Cushman & Wakefield SALE PRICE: $8,050,000 SF: 7,524 ~ PPSF: $1,070

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$429,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,599.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,161.11
Annual Debt Service$457,933.28