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
About this deal
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.
On the Map
$5,400,000
$1,116/SF
Office
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Players
New York Office Market Snapshot
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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