Young-Hee Lowe Acquires Office Building In Midtown East For $6M
SOLD
$6,000,000
New York
See Similar DealsOffice68,720 SF
Sold 06/01/2020
SOLD
Young-Hee Lowe Acquires Office Building In Midtown East For $6M
34 E 39th St, New York, NY 10016, USA
See Similar DealsOffice68,720 SF
Sold 06/01/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$87
Total Square Footage:68,720 SF
Transaction Type:Sale
An office property located at 34 East 39th Street in Midtown East has been sold for a total price of $6,000,000. The property spans 6,872 square feet with a price per square foot of $873. It consists of 10 units, and the price per unit is $600,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,000,000
- Square Footage: 6,872
- Price per Square Foot: $873
- Number of Units: 10
- Price per Unit: $600,000
The seller of the property is Uzi Ruskin, while the buyer is Young-Hee Lowe. The deal was facilitated by John J. Stewart and Nicholas Biedron from NYC Building Advisors.
Players
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)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
Is there something missing? Send suggestions