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
About this deal
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
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