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46 W 21st St, New York, NY ...

Updated Dec 20, 2023

Superior Management Acquires Mix-use Asset In Manhattan For $8.9M
SOLDMixed-use

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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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

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