Meyer Equities Acquires Office Building In New York City For $33M
SOLD
$33,000,000
+ 3
New York
See Similar DealsOffice81,379 SF
Sold 12/19/2022
SOLD
Meyer Equities Acquires Office Building In New York City For $33M
260 East 36th Street
See Similar DealsOffice81,379 SF
Sold 12/19/2022
+ 3
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$405
Total Square Footage:81,379 SF
Transaction Type:Sale
The office building located at 260 West 36th Street in New York City was recently sold in a transaction valued at $33,000,000. The property spans 81,379 square feet, resulting in a price per square foot of $406.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $33,000,000
- Address: 260 West 36th Street
- Market: New York City
The buyer in this deal is Meyer Equities, represented by Eric Meyer. The sale was facilitated by brokers Chris Varjan, Jonathan Braun, George Steffani, Catherine O'Toole, and Stephanie Moore, all of Lee & Associates.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,759,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03
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