Superior Management Acquires Mix-use Asset In Manhattan For $8.9M
46 W 21st St, New York, NY 10010, USA
Building Size
8,950 SF
Asset Type
Mixed-use
Closing
Nov 27, 2017
About this deal
AI
The mix-use property located at 46 West 21st Street in Manhattan, New York, was recently sold for a price of $8,900,000. The property spans over a total of 8,950 square feet and has a price per square foot of $994. It consists of 7 units, with each unit having an average price per unit of $1.27 million.
Summary of transaction details
- Property Type: Mix-use
- Transaction Amount: $8,900,000
- Square Footage: 8,950 sf
- Price per Square Foot: $994
- Number of Units: 7
- Price per Unit: $1.27 million
Candace Skratt acted as the seller in this transaction, while the buyer was Superior Management, represented by Adam Nagin.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93