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Starting assumptions: 30% down, 6% interest, 25-year amortization. Estimates use monthly principal and interest payments; exclude closing costs, taxes on income, capital expenditures, and appreciation. ROI shown is annual cash-on-cash return.
The Sovereign Plaza stands as a testament to contemporary architectural excellence and institutional-grade real estate in the heart of the city's financial core. Completed in early 2021, this Class A asset offers state-of-the-art infrastructure designed for high-performance corpoโฆ
READ MORE โ UPGRADE TO PRO| Property type | Office |
| Subtype | Class A Office |
| Market status | On market |
| Submarket | Midtown West |
| Lot size | Not provided |
| Zoning | C6-6 |
| Building area | 245,000 SF |
| Year built | 2021 |
| Property class | A |
| Units / keys | Not provided |
| Parking spaces | 613 |
Broker co-op offered
| Tenancy | Multi-tenant |
| Occupancy | 94% |
| Tenant / brand | Not provided |
| Lease structure | GROSS |
| Remaining lease term | 8.2 years |
| Tenant credit | Investment grade |
Parcel, ownership and tax information supplied for this property.
| Parcel / APN | Not provided |
| County / jurisdiction | Not provided |
| Recorded owner | Not provided |
| Legal description | Not provided |
| Assessed value | Not provided |
| Annual property taxes | Not provided |
| Tax year | Not provided |
| Record as of | Not provided |
| Record source | Not provided |
Public records have not been supplied for this listing. Request the parcel record and current tax bill from the listing broker.
Listing publication date; not a sale or transfer.
Source: CREvista listing recordPrior sales, transfers, price changes and renovation records have not been supplied. Contact the broker for the property's historical records.
| INCOME COMPONENT | ANNUAL AMOUNT |
|---|---|
| Gross Scheduled Income | $12,840,000 |
| Total Operating Expenses | ($4,250,000) |
| Net Operating Income (NOI) | $8,590,000 |
| Capital Reserves | $245,000 |
