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334-336 West 46th Street, M...

Updated Mar 11, 2025

Namdar Realty Group Acquires Mixed-Use Property In Midtown Manhattan With Yanni Marmarou From B6 Real Estate Advisors
SOLDMixed-use

Namdar Realty Group Acquires Mixed-Use Property In Midtown Manhattan With Yanni Marmarou From B6 Real Estate Advisors

334-336 West 46th Street, Manhattan, New York, NY, USA

$6,500,000

$633/SF

Building Size

10,260 SF

Asset Type

Mixed-use

Closing

Jun 24, 2020

About this deal

AI

334-336 W 46th Street in Midtown has been sold for $6,500,000. The mixed-use property spans 10,260 square feet and comprises 12 units, including 2 retail spaces and 10 residential units. The sale took place on 06/24/2021 between the buyer, Gil Loloi from Namdar Realty Group, and the seller, PNC Bank. The deal was facilitated by Yanni Marmarou from B6 Real Estate Advisors.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $6,500,000
  • Square Footage: 10,260
  • Units: 12 (2 Retail, 10 Residential)
  • Buyer: Gil Loloi - Namdar Realty Group
  • Seller: PNC Bank
  • Broker: Yanni Marmarou - B6 Real Estate Advisors

Gil Loloi, representing Namdar Realty Group, expressed their ongoing interest in good deals across the 5 boroughs and nationwide. They have unlimited funds available and can close transactions at any time. Interested parties can reach Gil Loloi by email at [email protected] or by phone at 516 3017939.

Players

Yanni Marmarou

Investment Property Realty Group (IPRG)

Broker

$160.1M

vol

39 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

Gil Loloi

Namdar Realty Group

Buyer

$53.3M

vol

3 deals

Buyer
PNC Bank
PNC BankSeller
PNC Bank
PNC BankLender

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $633 per square foot on a published $6.5M for 10,260 square feet (2020).

Visit Yanni Marmarou to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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