Bernard And Dean Levy Acquire Office Condo At 227 West 17th Street For $3.85M
227 W 17th St, New York, NY 10011, USA
$3,850,000
$64/SF
Building Size
60,000 SF
Asset Type
Office
Closing
May 20, 2019
About this deal
AI
The office condo located at 227 West 17th Street (3rd floor) recently sold for a price of $3,850,000. The property spans approximately 6,000 square feet, resulting in a price per square foot of $642.
Summary of transation details
- Property Type: Office Condo
- Transaction Amount: $3,850,000
- Address: 227 West 17th Street (3rd floor)
- Square Footage: 6,000
- Price per Square Foot: $642
The seller of the office condo was Susan Yacias, while Bernard and Dean Levy acted as the buyers. Jeff Nissani from JSN Properties represented the seller in the transaction, while the buyers were represented by Jonathan Anapol from Prime Manhattan and Thomas Ennis from Douglas Elliman.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
About $64 per square foot on a published $3.9M for 60,000 square feet (2019).
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93