Douglas Elliman Brokers Corey Shuster & Arthur Maglio Sell Office At 246 West 38th Street For $3.8M
SOLD
$3,800,000
New York
See Similar DealsOffice7,950 SF
Sold 03/28/2023
SOLD
Douglas Elliman Brokers Corey Shuster & Arthur Maglio Sell Office At 246 West 38th Street For $3.8M
246 West 38th Street
See Similar DealsOffice7,950 SF
Sold 03/28/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$478
Total Square Footage:7,950 SF
Transaction Type:Sale
The office located at 246 West 38th Street, 6th Floor in New York City has been sold for a price of $3,800,000. The property spans 7,950 square feet, resulting in a price per square foot of $478.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,800,000
- Square Footage: 7,950
- Price Per Square Foot: $478
- Address: 246 West 38th Street, 6th Floor, New York City
Corey Shuster and Arthur Maglio from Douglas Elliman acted as the brokers in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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