Updated Sep 9, 2024
JLL Sells Multifamily Property In New York City For $8.5M
405 W 45th St New York, NY 10036, USA
$8,500,000
$403/SF
Building Size
21,090 SF
Asset Type
MultiFamily
Closing
May 3, 2023
About this deal
AI
The multifamily property located at 405 West 45th Street in New York City has been sold for a price of $8,500,000. The property consists of 30 units, with a price per unit of $283,333. The total square footage of the property is 21,090, with a price per square foot of $403.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,500,000
- Units: 30
- Price per Unit: $283,333
- Total Square Footage: 21,090
- Price per Square Foot: $403
- Address: 405 West 45th Street, New York City
The sale of this property was facilitated by the seller's representatives from JLL, namely Robert Knakal, Jonathan Hageman, Hall Oster, Paul Smadbeck, and Conrad Martin.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Robert (Bob) Knakal to view all their deals.
Browse New York multifamily sales on Traded.
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