SOLDOther
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
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.
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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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