Updated Dec 21, 2023
David F Lahm Sells Multifamily Property In Chelsea, Manhattan For $5.35M
248 West 22nd Street, Manhattan, New York, NY 10011, USA
$5,350,000
$1,164/SF
Building Size
4,595 SF
Asset Type
MultiFamily
Closing
May 17, 2021
About this deal
AI
The multifamily property located at 248 West 22nd Street in Chelsea, Manhattan was recently sold on May 18, 2021. The property spans 4,595 square feet and was sold for a total price of $5,350,000, resulting in a price per square foot of $1,164.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $5,350,000
- Address: 248 West 22nd Street, Chelsea, Manhattan
- Market: Chelsea, Manhattan
The seller of the property was David F Lahm.
The multifamily sale at 248 West 22nd Street, Manhattan, New York, NY 10011, USA in New York, New York sold for $5.4M in 2021. The building is 4,595 square feet, implying about 1.2K per square foot on the published price. This page is the New York, New York file for the 248 West 22nd Street, Manhattan, New York, NY 10011, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 248 West 22nd Street, Manhattan, New York, NY 10011, USA around 2021. Published consideration for 248 West 22nd Street, Manhattan, New York, NY 10011, USA is $5.4M, dated 2021. Cite this David F Lahm Sells Multifamily Property In Chelsea, Manhattan For $5.35M sale when underwriting similar multifamily product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93