Meyer Equities Acquires Office Building In New York City For $33M
260 East 36th Street
$33,000,000
$405/SF
Building Size
81,379 SF
Asset Type
Office
Closing
Dec 19, 2022
About this deal
AI
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.
On the Map
$33,000,000
$405/SF
Office
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Players
New York City 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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93