$16.5 Million Office Sale At 36 East 12th Street In Greenwich Village Represented By BKREA
36 East 12th Street
$16,500,000
$511/SF
Building Size
32,241 SF
Asset Type
Office
Closing
Jun 30, 2026
About this deal
AI
The asset involved in this transaction is an office property located at 36 East 12th Street in the Greenwich Village market of Manhattan. The transaction was completed at a sale price of $16,500,000, encompassing a total square footage of 32,241, which results in a price per square foot of $511.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $16,500,000
- Address: 36 East 12th Street
- Market: Greenwich Village, Manhattan
- Square Footage: 32,241
- Price Per Square Foot: $511
The brokers representing this transaction were Robert (Bob) Knakal, Faraz Cheema, Ryan Candel, and Brennan Lee from BKREA. They played a crucial role in facilitating the sale of this office property in the competitive Manhattan market.
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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93