Stein Adler Dabah & Zelkowitz LLP Acquires Office Condominium In Manhattan For $12.85M
SOLD
$12,850,000
+ 3
New York
See Similar DealsOffice14,939 SF
Sold 09/29/2022
SOLD
Stein Adler Dabah & Zelkowitz LLP Acquires Office Condominium In Manhattan For $12.85M
936 Broadway
See Similar DealsOffice14,939 SF
Sold 09/29/2022
+ 3
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$860
Total Square Footage:14,939 SF
Transaction Type:Sale
936 Broadway, a Manhattan office condominium, was recently sold in a closed transaction. The property, spanning 14,939 square feet, was sold for a price of $12,850,000, resulting in a price per square foot of $860.
Summary of transaction details
- Property Type: Office Condominium
- Transaction Amount: $12,850,000
- Square Footage: 14,939 sqft
- Price per Square Foot: $860
- Address: 936 Broadway, Manhattan
Stein Adler Dabah & Zelkowitz LLP acted as the buyer, while DeBorah Brill was the seller in this transaction. Avison Young represented the buyer and was represented by James Nelson, Eric Karmitz, and Joe Moran. On the other hand, Sinvin Real Estate represented the seller and was represented by Michael Glanzberg and James Costello.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$685,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,653.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,915.56
Annual Debt Service$730,986.67
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