Perrodo Oil Family Acquires Office Building In Manhattan For $32M
36 E 61st St, New York, NY 10065, USA
Building Size
159,000 SF
Asset Type
Office
Closing
Jul 16, 2017
About this deal
AI
The office property located at 36 E 61st Street in New York's Manhattan market was recently sold in a closed transaction. The property spans 15,900 square feet and was sold for a total price of $32,000,000, equating to a price per square foot of $2012.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $32,000,000
- Square Footage: 15,900
- Address: 36 E 61st Street, New York
The seller of the property was Thor Equities, while the buyer was Perrodo Oil Family. The deal was facilitated by @lesliejgarfield_realestate, represented by @thetownhouser of the same agency.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93