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233 Water Street

Avison Young And Compass Brokers Facilitate $5.4M Sale Of Office Building At 233 Water Street, Fulton, Manhattan
SOLDOffice

Avison Young And Compass Brokers Facilitate $5.4M Sale Of Office Building At 233 Water Street, Fulton, Manhattan

233 Water Street

$5,400,000

$1,116/SF

Building Size

4,836 SF

Asset Type

Office

Closing

Dec 21, 2023

AI

The office property located at 233 Water Street in Fulton, Manhattan has been sold for a total of $5,400,000. The property spans across 4,836 square feet, resulting in a price per square foot of $1,117.

Summary of transaction details:

The sale was facilitated by brokers Edward Nelson, Alexandra Marolda, Kyle Sabath from Avison Young, and Alex Antigua and Tyler Mckenna from Compass.

Players

Alexandra Marolda

Avison Young

Broker

$934.9M

vol

38 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

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93