Gabe Randall Of Astor & Rowe Acquires Office Building In Sutton Place For $11.25M
330 East 59th Street & 334 East 59th Street
$11,250,000
$297/SF
Building Size
34,500 SF
Asset Type
Office
Closing
Sep 10, 2026
About this deal
AI
The transaction involved the sale of an office asset located at 330 East 59th Street & 334 East 59th Street in the Sutton Place market. The sale price was $11,250,000, with a total of 10 units across a square footage of 37,864, resulting in a price per unit of $1,125,000 and a price per square foot of $297.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,250,000
- Buyer: Gabe Randall - Astor & Rowe
- Seller: Tony Beck
- Seller's Representative: Will Conrad & James Galef - Cushman & Wakefield
- Units: 10
- Square Feet: 37,864
- Price Per Unit: $1,125,000
- Price Per Square Foot: $297
Gabe Randall represented the buyer in the transaction, associated with the firm Astor & Rowe, while the seller, Tony Beck, was represented by Will Conrad and James Galef from Cushman & Wakefield, facilitating the deal.
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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93