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520 West 27th Street

Markus Dochantschi Acquires Office Building In New York City For $2.75M
SOLDOffice

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

Jonathan Travis

Redwood Property Group

Broker

$2.8M

vol

9 deals

Broker

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