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:
- Property Type: Office
- Transaction Amount: $5,400,000
- Square Footage: 4,836
- Price Per Square Foot: $1,117
- Address: 233 Water Street, Fulton, Manhattan
- Market: Fulton, Manhattan
- BROKERS: Edward Nelson, Alexandra Marolda & Kyle Sabath - Avison Young; Alex Antigua & Tyler Mckenna - Compass
The sale was facilitated by brokers Edward Nelson, Alexandra Marolda, Kyle Sabath from Avison Young, and Alex Antigua and Tyler Mckenna from Compass.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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