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353 W 48th St

Guy Tuvia Acquires Office In New York From David Cohen For $11 Million
SOLDOffice

Guy Tuvia Acquires Office In New York From David Cohen For $11 Million

353 W 48th St

$11,000,000

Building Size

Asset Type

Office

Closing

Aug 1, 2013

AI

The property involved in this transaction is located at 353 W 48th St, New York. It is classified as an office asset and was sold for a total transaction amount of $11,000,000.00.

Summary of transaction details:

The transaction featured key individuals including the buyer, Guy Tuvia, and the seller, David Cohen, alongside the broker representative Robert Khodadadian of Skyline Properties who facilitated the deal.

Players

Robert Khodadadian

Skyline Properties

Broker

$1.1B

vol

30 deals

Broker

Guy Tuvia

Buyer
Buyer

David Cohen

Seller
Seller

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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93