facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Sale

/

410 East 38th Street

Steve Harouni Acquires Office From Bideawee In Murray Hill For $4.1M
SOLDOffice

Steve Harouni Acquires Office From Bideawee In Murray Hill For $4.1M

410 East 38th Street

$4,100,000

$455/SF

Building Size

9,000 SF

Asset Type

Office

Closing

Jun 6, 2024

AI

Located in Murray Hill, Manhattan, the office property at 410 East 38th Street was successfully transacted in a sale. The asset spans 9,000 square feet and was sold at a price of $4,100,000, translating to a price per square foot of $455.

Summary of transaction details:

Adelaide Polsinelli and Natalie Sachmechi from Compass facilitated the deal, representing both the buyer, Steve Harouni, and the seller, Bideawee. The property, situated in a prime location in Murray Hill, attracted interest due to its size and the favorable price per square foot it commanded.

Players

Adelaide Polsinelli

Compass

Broker

$285M

vol

26 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93