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Piyush Golia Acquires New York Property From Meir Levy For $12.3 Million

Property Image
SOLD
$12,300,000
 Christopher (Chris) Cavorti
Brock Emmetsberger
+ 2

New York

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Office15,550 SF
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Property Image
SOLD

Piyush Golia Acquires New York Property From Meir Levy For $12.3 Million

8 E 41st St, New York, NY, 10017

See Similar Deals
Office15,550 SF
 Christopher (Chris) Cavorti
Brock Emmetsberger
+ 2
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$791
Total Square Footage:15,550 SF
Transaction Type:Sale

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:

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

Brock Emmetsberger
27 deals$348M volume(646) 933-2620
BROKER

 Christopher (Chris) Cavorti
The Corcoran Group
7 deals$50.5M volume(914) 804-7091
BROKER


Marshall Dickson
Benmark Capital
3 deals$96.8M volume(212) 372-2000
BROKER

Zach Redding
Colliers
54 deals$1.8B volume(570) 574-9015
BROKER

Details

SOLD
IMAGE: 8 E 41st St, New York, NY, 10017 MARKET: New York BUYER'S REP: Christopher Cavorti -The Corcoran Group SELLER'S REP: Marshall Dickson -Newmark, Brock Emmetsburger -B6 Real Estate Advisors BUYER: Piyush Golia SELLER: Meir Levy PRICE: $12,300,000.00 SF: 15550

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$655,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$43,699.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,308.28
Annual Debt Service$699,699.30