Eric Anton & John J. Stewart Of Marcus & Millichap Sell Office Building In Midtown Manhattan For $16.1M
254 258 West 35th Street
$16,100,000
$151/SF
Building Size
106,642 SF
Asset Type
Office
Closing
Jan 9, 2025
AI
An office building located at 254-258 West 35th Street in Midtown Manhattan has been sold for $16,100,000. The property measures 106,642 square feet and consists of 16 stories. The price per square foot for the sale amounts to $151.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $16,100,000
- Square Footage: 106,642 SF
- Sale Price per SF: $151
- Address: 254-258 West 35th Street
- Market: Midtown Manhattan
- Brokers: Eric Anton & John J. Stewart - Marcus & Millichap
The transaction involved undisclosed buyer and seller parties, both of whom were represented by brokers Eric Anton and John J. Stewart from Marcus & Millichap.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93