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414 50th Street

Yaz Malas Sells Multifamily Property In West New York For $5.21M
SOLDMultiFamily

Yaz Malas Sells Multifamily Property In West New York For $5.21M

414 50th Street

$5,210,000

Building Size

Asset Type

MultiFamily

Closing

Jan 3, 2023

AI

The multifamily property located at 414 50th Street in West New York has been sold in a recent transaction. The property consists of 13 units with a total of 19,522 square feet of space. The sale price for this multifamily asset was $5,210,000, resulting in a per unit price of $400,769. The price per square footage was calculated to be $267.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,210,000
  • Units: 13
  • Price per Unit: $400,769
  • Square Footage: 19,522
  • Price per Square Foot: $267

In this transaction, the seller of the property was Yaz Malas. The broker representing the seller was Davis Briones from Kislak.

Players

Davis Briones

Kislak

Broker

$44.5M

vol

6 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.04%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93