Jinduck Seo Acquires Office Building In Midtown Manhattan For $23.5M
SOLD
$2,350,000
New York
See Similar DealsOffice32,400 SF
Sold
SOLD
Jinduck Seo Acquires Office Building In Midtown Manhattan For $23.5M
384 5th Avenue, Brooklyn, NY 11215, USA
See Similar DealsOffice32,400 SF
Sold
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$72
Total Square Footage:32400 SF
Transaction Type:Sale
An office property located at 384 5th Ave in Midtown has been sold for a price of $23.5 million. The property spans across 28,000 square feet with a price per square foot of $839.
Summary of transaction details:
- Property Type: Office
- Sale Price: $23.5M
- Square Footage: 28K
- Price Per Square Foot: $839
- Address: 384 5th Ave
- Market: Midtown
The seller of the property was David Zaken, while the buyer was Jinduck Seo. Representing the buyer were Elad Dror, Tony Park from PDPropertiesNYC, and Ryan Sabet.
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)
$125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39
Is there something missing? Send suggestions