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260 East 36th Street

Meyer Equities Acquires Office Building In New York City For $33M
SOLDOffice

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

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.

Players

Catherine O'Toole

Lee & Associates

Broker

$68.5M

vol

9 deals

Broker
Eric Meyer

Eric Meyer

Meyer Equities

Buyer

$131M

vol

4 deals

Buyer

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