Markus Dochantschi Acquires Office Building In New York City For $2.75M
520 West 27th Street
$2,750,000
$880/SF
Building Size
3,125 SF
Asset Type
Office
Closing
Mar 24, 2023
AI
Located at 520 West 27th Street in New York City, the office property was recently sold in a closed transaction. The property spans 3,125 square feet and was sold at a price of $2,750,000, resulting in a price per square foot of $880.
Summary of transation details
- Property Type: Office
- Transaction Amount: $2,750,000
- Square Footage: 3,125
- Price Per Square Foot: $880
- Address: 520 West 27th Street, New York City
The buyer in the transaction was Markus Dochantschi, while the seller was Kento Nakamura. The deal was facilitated by brokers Steven Evans and Emre Bozkurt from Platinum Properties, along with Jonathan Travis. They represented the parties involved in the transaction and played a crucial role in successfully closing the deal.
Players
Market 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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93