Bashi Rafael LLC Acquires Office Building On 314 East 34th Street In Manhattan For $8.4M
314 E 34th St, New York, NY 10016, USA
Building Size
13,202 SF
Asset Type
Office
Closing
Jan 18, 2018
AI
The office building located at 314 East 34th Street in Manhattan has been sold for a total of $8,400,000. Spanning across 13,202 square feet, the property was purchased at a price per square foot of $636.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,400,000
- Square Footage: 13,202 sf
- Price Per Square Foot: $636
- Address: 314 East 34th Street, New York
- Market: Manhattan
The seller of the property was Bruzzese 314 Family Limited Partnership, represented by Joseph Bruzzese. On the other hand, Bashi Rafael LLC, represented by Joseph Nazar (@jozepie), acted as the buyer. The transaction was facilitated by Jeff Nissani of JsnProperties.
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