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
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93