Piyush Golia Acquires New York Property From Meir Levy For $12.3 Million
8 E 41st St, New York, NY, 10017
$12,300,000
$791/SF
Building Size
15,550 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property involved in the transaction is an office building located at 8 E 41st St, New York, NY, 10017. This eight-story building encompasses a total area of 15,550 square feet, which includes 1,550 square feet designated for retail space. The deal was finalized at a price of $12,300,000.00 within the New York market.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $12,300,000.00
- Address: 8 E 41st St, New York, NY, 10017
- Square Footage: 15,550
- Retail Space: 1,550
- Buyer: Piyush Golia
- Seller: Meir Levy
- Buyer’s Representative: Christopher Cavorti - The Corcoran Group
- Seller’s Representatives: Marshall Dickson - Newmark, Brock Emmetsburger - B6 Real Estate Advisors
The sale involved multiple representatives, with Christopher Cavorti acting on behalf of the buyer, Piyush Golia. The seller, Meir Levy, was represented by Marshall Dickson of Newmark, along with Brock Emmetsberger and Zachary Redding from B6 Real Estate Advisors, and Nancy Cibrano from The Wings Group, showcasing a collaborative effort in the transaction.
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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93