Seiya Tokuyama's ICS America Acquires Multifamily Property In Chelsea For $8.3M
SOLD
$8,300,000
New York
See Similar DealsMultiFamily85,250 SF
Sold 11/14/2019
SOLD
Seiya Tokuyama's ICS America Acquires Multifamily Property In Chelsea For $8.3M
333 W 19th St, New York, NY 10011, USA
See Similar DealsMultiFamily85,250 SF
Sold 11/14/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$97
Total Square Footage:85,250 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$442,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,488.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,346.23
Annual Debt Service$472,154.81
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