Updated Sep 24, 2026
Manish Shah Acquires Multifamily Property In Chelsea For $4.7M
320 West 22nd Street, Manhattan, New York, NY, USA
$4,700,000
$587/SF
Building Size
8,000 SF
Asset Type
MultiFamily
Closing
Dec 30, 2020
About this deal
AI
A multifamily property located at 320 West 22nd Street in Chelsea has been sold for a price of $4,700,000. The property consists of 15 units, with a price per unit of $313,333. The total square footage of the property is 8,000, resulting in a price per square foot of $588.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,700,000
- Units: 15
- Price per Unit: $313,333
- Square footage: 8,000
- Price per square foot: $588
The buyer of the property is Manish Shah, and the seller is Patricia Rowell. The transaction was facilitated by brokers Peter Von Der Ahe, Joe Koicim, Logan Markley, and Danny Handweiler from New York Multifamily and Marcus & Millichap NY.
On the Map
$4,700,000
$587/SF
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Joe Koicim to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93