Larry Goldstein Sells Multifamily Asset In New York City For $8.5M With Brokers Jim Mann & Wells Newell
405 W 45th St New York, NY 10036, USA
$8,500,000
$403/SF
Building Size
21,090 SF
Asset Type
MultiFamily
Closing
May 2, 2023
AI
The multifamily property located at 405 West 45th Street in New York City has been sold for a total price of $8,500,000. This property consists of 30 units, with an average price per unit of $283,333. The total square footage of the property is 21,090, resulting in a price per square foot of $403.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,500,000
- Number of Units: 30
- Price per Unit: $283,333
- Total Square Footage: 21,090
- Price per Square Foot: $403
- Address: 405 West 45th Street
- Market: New York City
The seller of this property is Larry Goldstein. The brokers involved in the transaction were Jim Mann and Wells Newell, representing Friedman-Roth Realty.
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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93