Piyush Golia Acquires Midtown Office For $12.4M
8 East 41st Street, New York City, New York 10017, United States
$12,375,000
$886/SF
Building Size
13,968 SF
Asset Type
Office
Closing
Mar 7, 2022
About this deal
AI
Located in Midtown, the office property at 8 East 41st Street recently changed hands in a sale transaction. The property spans a total area of 13,968 square feet. The deal was closed on March 8, 2022, with a sale price of $12,375,000, resulting in a price per square foot of $885.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $12,375,000
- Address: 8 East 41st Street
- Market: Midtown
Piyush Golia emerged as the buyer in this transaction, represented by Chris Cavorti of Corcoran Group. On the other side, the seller was represented by Brock Emmetsberger, Nancy Cibrano, Zach Redding, and Dylan Kane.
On the Map
$12,375,000
$886/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Christopher (Chris) Cavorti to view all their deals.
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93