Charlie Tebele Acquires Office Building On 244 East 58th Street In Midtown East For $8.5M
244 E 58th St, New York, NY 10022, USA
$8,500,000
$1,075/SF
Building Size
7,900 SF
Asset Type
Office
Closing
Jun 30, 2019
About this deal
AI
The office property located at 244 East 58th Street in Midtown East was recently sold in a closed transaction. The property spans across 7,900 square feet, with a price per square foot of $1,075. The asking price for the property was $8,900,000, and it was sold for $8,500,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,500,000
- Address: 244 East 58th Street
- Market: Midtown East
- Square Footage: 7,900
- Price per Square Foot: $1,075
The seller of the property was The Caron Foundation, while the buyer was Charlie Tebele. The deal was facilitated by brokers Will Conrad, Jon Garfinkel, Chris Bellino, and Jonathan Anapol.
On the Map
$8,500,000
$1,075/SF
Office
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Players
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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93