JMC Holdings Acquires Office Building In Manhattan For $47M
306 E 61st St, New York, NY 10065, USA
Building Size
82,000 SF
Asset Type
Office
Closing
Dec 17, 2017
About this deal
AI
The office building at 306 East 61st Street in Manhattan has been sold in a closed transaction for $47,000,000. The property spans 82,000 square feet, resulting in a price per square foot of $573.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $47,000,000
- Square Footage: 82,000
- Price per Square Foot: $573
- Address: 306 East 61st Street, New York
- Market: Manhattan
The seller of the office building was NY REIT, while the buyer was JMC Holdings.
Traded’s record for 306 E 61st St, New York, NY 10065, USA in New York, New York covers a office sale from 2017. The building is 82,000 square feet, implying about 0 per square foot on the published price. This page is the New York, New York file for the 306 E 61st St, New York, NY 10065, 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 306 E 61st St, New York, NY 10065, USA around 2017. Cite this JMC Holdings Acquires Office Building In Manhattan For $47M sale when underwriting similar office product around New York, New York.
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
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