Elizabeth Grand Acquires Office Property At 41 Elizabeth Street In Chinatown For $21.82M
SOLD
$21,820,000
New York
See Similar DealsOffice46,620 SF
Sold 07/24/2025
SOLD
Elizabeth Grand Acquires Office Property At 41 Elizabeth Street In Chinatown For $21.82M
41 Elizabeth Street
See Similar DealsOffice46,620 SF
Sold 07/24/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$468
Total Square Footage:46,620 SF
Transaction Type:Sale
The asset involved in this transaction is an office property located at 41 Elizabeth Street in the Chinatown market. It was sold for a price of $21,820,000, encompassing a total square footage of 46,620, resulting in a price per square foot of $468.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $21,820,000
- Address: 41 Elizabeth Street
- Market: Chinatown
- Square Footage: 46,620
- Price per Square Foot: $468
- Buyer: Elizabeth Grand
- Broker Representation: Alex Woodlief & Paul Massey - B6 Real Estate Advisors
B6 Real Estate Advisors exclusively represented the seller in this transaction and successfully procured a direct buyer for the office and retail property located in Little Italy. For further inquiries, Paul Massey can be contacted at [email protected], and Alex Woodlief at [email protected].
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,163,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$77,521.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$103,437.93
Annual Debt Service$1,241,255.18
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