Thinly Slice Lox LLC Acquires Garage In Midtown East From Macklowe Properties For $2.17M
SOLD
$2,167,614
New York
See Similar DealsOther16,235 SF
Sold 07/07/2020
SOLD
Thinly Slice Lox LLC Acquires Garage In Midtown East From Macklowe Properties For $2.17M
310 E 53rd St, New York, NY 10022, USA
See Similar DealsOther16,235 SF
Sold 07/07/2020
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$133
Total Square Footage:16,235 SF
Transaction Type:Sale
The property asset involved in this transaction is a garage located at 310 East 53rd Street in Midtown East. The transaction took place on July 7, 2020.
Summary of transaction details:
- Property Type: Garage
- Transaction Amount: $2,167,614
- Square Footage: 16,235
- Price per Square Foot: $133
- Seller: Macklowe Properties – Harry Macklowe
- Buyer: Thinly Slice Lox LLC – Jacob Joshua Herbst
The seller of the property was Macklowe Properties, represented by Harry Macklowe. The buyer was Thinly Slice Lox LLC, represented by Jacob Joshua Herbst.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$115,606.09
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,701.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,275.60
Annual Debt Service$123,307.15
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