Ephraim Shamayev Acquires Mixed-Use Property In Plaza District For $9.5M
West 47th Street, Manhattan, New York, NY, USA
$9,500,000
$1,199/SF
Building Size
7,923 SF
Asset Type
Mixed-use
Closing
Mar 7, 2021
About this deal
AI
The mixed-use property located at 33 West 47th Street in the Plaza District has been sold for a total price of $9,500,000. The building has a total BSF (Building Square Footage) of 27,720, resulting in a PPBSF (Price Per Building Square Foot) of $342. The property itself spans across 7,923 square feet, giving it a PPSF (Price Per Square Foot) of $1,199.
Summary of Transaction Details:
- Property Type: Mixed-use
- Transaction Amount: $9,500,000
- Address: 33 West 47th Street
- Market: Plaza District
- BSF: 27,720
- PPBSF: $342
- SF: 7,923
- PPSF: $1,199
The buyer of the property is Ephraim Shamayev, while the seller is Wan Lee Hsu, representing H.W.Y. Partners LLC.
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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93