Spring Imports Acquires Office Space In Midtown Manhattan For $3.2M
SOLD
$3,216,850
New York
See Similar DealsOffice4,949 SF
Sold 09/07/2023
SOLD
Spring Imports Acquires Office Space In Midtown Manhattan For $3.2M
32 West 39th Street
See Similar DealsOffice4,949 SF
Sold 09/07/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$650
Total Square Footage:4,949 SF
Transaction Type:Sale
The property involved in the sale is an office located at 32 West 39th Street - 10th Floor in Midtown, Manhattan. The property spans 4,949 square feet and was sold at a price of $3,216,850, resulting in a price per square foot of $650.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,216,850
- Square Footage: 4,949
- Address: 32 West 39th Street - 10th Floor
- Market: Midtown, Manhattan
The buyer in this transaction is Spring Imports, while the seller is R & B Realty Group. The deal was facilitated by the brokers Michael Rudder and Justin Harris from Rudder Property Group.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$171,565.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,428.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,249.51
Annual Debt Service$182,994.12
Is there something missing? Send suggestions