Updated Oct 29, 2024
ICON Realty Management Acquires Multifamily Property On 201 West 14th Street In New York For $4.85M
201 West 14th Street
$4,850,000
$423/SF
Building Size
11,463 SF
Asset Type
MultiFamily
Closing
Jan 19, 2023
About this deal
AI
An 11,463 square foot multifamily property located at 201 West 14th Street in New York City has been sold for $4,850,000. The property was purchased by ICON Realty Management from seller Daniel Birnant.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,850,000
- Address: 201 West 14th Street
- Market: New York City
- Buyer: ICON Realty Management
- Seller: Daniel Birnant
- Brokers: Brandon Polakoff, James Nelson, David Shalom, and Alexandra Marolda - Avison Young
- Square Footage: 11,463
- Price per Square Foot: $423
The deal was facilitated by the brokers Brandon Polakoff, James Nelson, David Shalom, and Alexandra Marolda, representing Avison Young. The involvement of these individuals highlights their role in the transaction and their expertise in the New York City market.
Players
New York City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93