Thinly Slice Lox LLC Acquires Garage In Midtown East From Macklowe Properties For $2.17M
310 E 53rd St, New York, NY 10022, USA
$2,167,614
$133/SF
Building Size
16,235 SF
Asset Type
Other
Closing
Jul 6, 2020
About this deal
AI
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.
On the Map
$2,167,614
$133/SF
Other
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.32%
Cash-on-Cash
-2.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93