Artemis Partners Acquires Office Building In Midtown East For $9.5M
32 E 39th St, New York, NY 10016, USA
$9,500,000
$89/SF
Building Size
106,260 SF
Asset Type
Office
Closing
Jun 4, 2019
About this deal
AI
The office property located at 32 East 39th Street in Midtown East has been sold in a closed transaction. The property spans a total of 10,626 square feet. The asking price for the property was $10,450,000, and it was ultimately sold for $9,500,000. This translates to a price per square foot of $894.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $9,500,000
- Address: 32 East 39th Street
- Market: Midtown East
- Square Footage: 10,626
- Price Per Square Foot: $894
The seller of the property was Kipany, represented by James Colligan. On the other hand, the buyer was Artemis Partners, with David Matteini leading the transaction. The seller's representatives in the deal were Stephen Bell, Nick Biedron, and John Stewart from Marcus and Millichap.
On the Map
$9,500,000
$89/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Nicholas (Nick) Biedron to view all their deals.
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93