Michael McNamee Acquires Mixed-Use Property In Midtown West For $6M
160 West 54th Street, New York City, New York 10019, United States
$6,000,000
$1,052/SF
Building Size
5,702 SF
Asset Type
Mixed-use
Closing
Aug 30, 2022
About this deal
AI
A mixed-use property located at 160 West 54th Street in Midtown West has been sold for $6,000,000. This property consists of 6 units with an average price per unit of $1,000,000. The total square footage is 5,702 with a price per square foot of $1,052.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,000,000
- Address: 160 West 54th Street
- Market: Midtown West
- Units: 6
- Price Per Unit: $1,000,000
- Square Footage: 5,702
- Price Per Square Foot: $1,052
The buyer of this property is Michael McNamee, while the seller is Eugene Rooney.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93