Hai Hu Acquires Office Building In Manhattan For $8.76M With CSRE's Chris Snyder
781 8th Ave, New York, NY 10036, USA
Building Size
5,346 SF
Asset Type
Office
Closing
Sep 16, 2017
About this deal
AI
The office property located at 781 Eighth Avenue in New York, Manhattan has been sold in a closed transaction. The property was sold for a price of $8,756,700. The seller of the property was Extell, a real estate company, and the buyer was Hai Hu. The deal was facilitated by CSRE's Chris Snyder, who represented the buyer in the transaction.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,756,700
- Address: 781 Eighth Avenue, New York
- Market: Manhattan
CSRE's Chris Snyder played a crucial role in representing Hai Hu, the buyer, in the acquisition of the office property at 781 Eighth Avenue. This transaction highlights the active real estate market in Manhattan, where Extell, a prominent real estate company, successfully sold the property to Hai Hu.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93