Cushman & Wakefield Sells Flatiron Package Deal For $17.4M With Buyer's Rep Nick Judson & Seller's Rep John Ciraulo
42 East 21st Street, Manhattan, New York, NY, USA
$17,400,000
$692/SF
Building Size
25,145 SF
Asset Type
Other
Closing
Dec 20, 2020
AI
The package deal at 42, 44 & 46 East 21st Street in Flatiron was recently sold for a total price of $17,400,000. The property consists of three separate addresses and spans a total of 25,145 square feet. With a price per square foot (PPSF) of $693, this transaction represents a significant investment in the Flatiron market.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $17,400,000
- Address: 42, 44 & 46 East 21st Street
- Market: Flatiron
- Square Footage: 25,145
- Price per Square Foot (PPSF): $693
The buyer's representative in this deal was Nick Judson from Judson CRE LLC (@JudsonCRE). On the seller's side, the team from CGMT Hall Real Estate, Chris Greg, and Tim Hall, handled the transaction. Additionally, the seller was represented by John Ciraulo, Craig Waggner, JP Will, and Mike Kavanagh from Cushman & Wakefield. This collaborative effort between the buyer's and seller's representatives ensured a successful sale of this package deal in the Flatiron market.
Players
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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93