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286 Malcolm X Blvd, New Yor...

Regal Acquisitions Acquires Office Building In Harlem For $10.2M
SOLDOffice

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

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.

Players

Brent Glodowski

Avison Young

Broker

$612M

vol

34 deals

Broker
Joey Cohen

Joey Cohen

Regal Acquisitions

Buyer

$148.6M

vol

11 deals

Buyer

Brandon Miller

Real Estate Equities Corp.

Seller

$94.2M

vol

3 deals

Seller

New York 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

1.56%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93