Updated Sep 5, 2024
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
About this deal
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.
On the Map
$8,500,000
$403/SF
MultiFamily
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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