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32 West 39th Street

Spring Imports Acquires Office Space In Midtown Manhattan For $3.2M
SOLDOffice

Spring Imports Acquires Office Space In Midtown Manhattan For $3.2M

32 West 39th Street

$3,216,850

$650/SF

Building Size

4,949 SF

Asset Type

Office

Closing

Sep 7, 2023

AI

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

Michael Rudder

Rudder Property Group

Broker

$198.3M

vol

23 deals

Broker
RG
R&B Realty GroupSeller

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

4.93%

Cash-on-Cash

-1.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93