Lasser Law Group PLLC Purchases Property At 633 3rd Ave New York From Comm5 Setai LLC For $2.49M
633 3rd Ave, New York, NY, 10017
$2,490,000
$957/SF
Building Size
2,600 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property sold is located at 633 3rd Ave, New York, NY, a notable address in the New York market. The transaction involved a sale price of $2,490,000.00 for a space measuring 2,600 square feet.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $2,490,000.00
- Address: 633 3rd Ave, New York, NY, 10017
- Buyer: Lasser Law Group, PLLC
- Seller: Comm5 Setai LLC
- Buyer's Representative: Chris Bellino - Lee & Associates
- Market: New York
This transaction was facilitated with representation from Chris Bellino of Lee & Associates, acting on behalf of the buyer, Lasser Law Group, PLLC, in their acquisition from seller Comm5 Setai LLC.
Players
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
6.37%
Cash-on-Cash
-1.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93