Charlie Tebele Acquires Office Building On 244 East 58th Street In Midtown East For $8.5M
SOLD
$8,500,000
+ 1
New York
See Similar DealsOffice7,900 SF
Sold
SOLD
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
See Similar DealsOffice7,900 SF
Sold
+ 1
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$1075
Total Square Footage:7900 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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