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

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

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:

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

Matthews

Broker

$348M

vol

27 deals

Broker

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