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246 West 38th Street

Douglas Elliman Brokers Corey Shuster & Arthur Maglio Sell Office At 246 West 38th Street For $3.8M
SOLDOffice

Douglas Elliman Brokers Corey Shuster & Arthur Maglio Sell Office At 246 West 38th Street For $3.8M

246 West 38th Street

$3,800,000

$478/SF

Building Size

7,950 SF

Asset Type

Office

Closing

Mar 28, 2023

AI

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.

Players

Corey Shuster

Douglas Elliman

Broker

$30.3M

vol

7 deals

Broker

Market 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

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93