Connie Liu Acquires Office Condo At 305 7th Avenue (10FL) In New York, Manhattan For $7.2M
305 7th Ave, New York, NY 10001, USA
Building Size
8,068 SF
Asset Type
Office
Closing
Dec 15, 2016
About this deal
AI
305 7th Avenue is a commercial property located in New York City, specifically in the Manhattan market. This property is an office condo, and it recently underwent a closed transaction.
Summary of transaction details:
- Property Type: Office Condo
- Transaction Amount: $7,214,400.00
The seller in this transaction was Services for the Underserved Inc. They successfully sold the office condo located at 305 7th Avenue. The buyer for this property was Connie Liu.
Traded’s record for 305 7th Ave, New York, NY 10001, USA in New York, New York covers a office sale from 2016. The building is 8,068 square feet, implying about 0 per square foot on the published price. This page is the New York, New York file for the 305 7th Ave, New York, NY 10001, USA office sold: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else sold near 305 7th Ave, New York, NY 10001, USA around 2016. Cite this Connie Liu Acquires Office Condo At 305 7th Avenue (10FL) In New York, Manhattan For $7.2M sale when underwriting similar office product around New York, New York.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93