Omnibuild Acquires Mixed-Use Property On 347 West 71st Street From Malasu Cher For $8.1M
347 West 71st Street
$8,100,000
$1,685/SF
Building Size
4,806 SF
Asset Type
Mixed-use
Closing
Apr 30, 2026
About this deal
AI
This mixed-use property located at 347 West 71st Street in the Upper West Side has been sold for $8,100,000. The asset encompasses a total area of 4,806 square feet, translating to a price per square foot of $1,685.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,100,000
- Sale Date: 5/1/2026
- Buyer: Omnibuild
- Seller: Malasu Cher
- Brokers: Nathan Horne, Gregg Haft & May Ling Stella - Compass
Nathan Horne, Gregg Haft, and May Ling Stella facilitated this transaction, representing the interests of the buyer and seller. The transaction involved a unique approach to navigating challenges related to the historic district's regulations, indicating the brokers' proactive engagement with the LPC and their collaboration with experts for potential solutions.
On the Map
$8,100,000
$1,685/SF
Mixed-use
View full map
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Nathan Horne to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93