Regal Acquisitions Acquires Office Building In Harlem For $10.2M
286 Malcolm X Blvd, New York, NY 10027, USA
$10,200,000
$538/SF
Building Size
18,955 SF
Asset Type
Office
Closing
Mar 18, 2020
About this deal
AI
The office property located at 286 Lenox Avenue in Harlem has been sold for $10,200,000. The property spans across 18,955 square feet, resulting in a price per square foot of $538.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $10,200,000
- Square Footage: 18,955
- Price Per Square Foot: $538
- Address: 286 Lenox Avenue
- Market: Harlem
The seller of the property was Real Estate Equities Corp, represented by Brandon Miller. The buyer, Regal Acquisitions, was represented by Joey Cohen and Alex Smith. The deal was facilitated by brokers James Nelson, Brent Glodowski, David Lawrence, Carter Lovejoy, and Alex Smith. Additional details about the transaction are not available.
On the Map
$10,200,000
$538/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93