Seiya Tokuyama's ICS America Acquires Multifamily Property In Chelsea For $8.3M
333 W 19th St, New York, NY 10011, USA
$8,300,000
$97/SF
Building Size
85,250 SF
Asset Type
MultiFamily
Closing
Nov 13, 2019
AI
The multifamily property located at 333 West 19th Street in Chelsea was sold for a total price of $8,300,000. The property spans 8,525 square feet, which translates to a price per square foot of $973. This transaction involved the sale of 15 units, with each unit priced at approximately $553,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,300,000
- Square Footage: 8,525
- Price per Square Foot: $973
- Number of Units: 15
- Price per Unit: $553,333
The buyer in this transaction was Seiya Tokuyama, representing ICS America. The seller was Dawn Pohl.
Players
New York 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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93