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Eric Anton & John J. Stewart Of Marcus & Millichap Sell Office Building In Midtown Manhattan For $16.1M
SOLD
$16,100,000
New York
See Similar DealsOffice106,642 SF
Sold 01/09/2025
SOLD
Eric Anton & John J. Stewart Of Marcus & Millichap Sell Office Building In Midtown Manhattan For $16.1M
254 258 West 35th Street
See Similar DealsOffice106,642 SF
Sold 01/09/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$151
Total Square Footage:106,642 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$858,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$57,199.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$76,322.21
Annual Debt Service$915,866.57
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