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44 East 32nd Street, New Yo...

Windsor Management Corp. Acquires NoMad Office For $59M
SOLDOffice

Windsor Management Corp. Acquires NoMad Office For $59M

44 East 32nd Street, New York, NY 10016, USA

$59,000,000

$647/SF

Building Size

91,111 SF

Asset Type

Office

Closing

Dec 9, 2018

AI

Located at 42-44 East 32nd Street in NoMad, this office property was recently sold for a staggering amount of $59,000,000. Spanning across an impressive 91,111 square feet, this asset presents a lucrative investment opportunity.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $59,000,000
  • Square Footage: 91,111
  • Address: 42-44 East 32nd Street
  • Market: NoMad

The seller, Basset Properties LI, was represented by Michael Nelson. On the other hand, the buyer, Windsor Management Corp., was represented by Don Albert Kamie. Daniel Lolai from LSL Advisors served as the buyer's broker, while Paul Davidson, Roy Lapidus, and David Noonan from NewmarkKF represented the seller in this successful transaction.

Players

Daniel Lolai

LSL Advisors

Broker

$211.9M

vol

92 deals

Broker
WC
Windsor Management Corp.Buyer

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

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93