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
About this deal
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:
- Property Type: Office
- Transaction Amount: $4,100,000
- Buyer: Steve Harouni
- Seller: Bideawee
- Brokers: Adelaide Polsinelli & Natalie Sachmechi - Compass
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
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Adelaide Polsinelli to view all their deals.
Browse New York office sales on Traded.
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