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8 East 41st Street, New Yor...

Piyush Golia Acquires Midtown Office For $12.4M
SOLDOffice

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

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.

Players

Brock Emmetsberger

Matthews

Broker

$348M

vol

27 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

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

1.28%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93