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Takenaka Corporation Purchases Condo From Masaaki Maeda At 145 West 57th Street For $8M
SOLD
$8,000,000
New York
See Similar DealsCondo17,106 SF
Sold 06/28/2024
SOLD
Takenaka Corporation Purchases Condo From Masaaki Maeda At 145 West 57th Street For $8M
145 West 57th Street
See Similar DealsCondo17,106 SF
Sold 06/28/2024
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$467
Total Square Footage:17,106 SF
Transaction Type:Sale
A commercial condominium unit located at 145 West 57th Street in Midtown West, Manhattan was sold for $8,000,000. The property spans 17,106 square feet, resulting in a price per square foot of $468.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,000,000
- Buyer: Takenaka Corporation
- Seller: Masaaki Maeda - Nippon Club
- Date of Transaction: 06/28/2024
In this transaction, Takenaka Corporation, operating under the name TAK Development, acquired the condominium unit from Nippon Club, represented by Masaaki Maeda.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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