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354 West 44th Street

Joshua Einhorn Sells Multifamily Asset At 354 West 44th Street For $6.25 Million
SOLDMultiFamily

Joshua Einhorn Sells Multifamily Asset At 354 West 44th Street For $6.25 Million

354 West 44th Street

$6,250,000

$825/SF

Building Size

7,575 SF

Asset Type

MultiFamily

Closing

Oct 16, 2024

AI

This multifamily asset is located at 354 West 44th Street in the Hell's Kitchen market. The property sold for $6,250,000, consisting of 6 units with a price per unit of $1,041,666. The total square footage is 7,575, yielding a price per square foot of $825.

Summary of transaction details:

The deal involved key representatives, including Zan Colin, Joseph Koicim, Logan Markley from Marcus & Millichap, and Tetsuo Otaki from Otsubo Realty representing the seller, Joshua Einhorn in this transaction.

Players

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

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

2.54%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93