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410 West 146th Street

Cormac Creed Sells Multifamily Property At 410 West 146th Street For $1.85M
SOLDMultiFamily

Cormac Creed Sells Multifamily Property At 410 West 146th Street For $1.85M

410 West 146th Street

$1,850,000

$420/SF

Building Size

4,400 SF

Asset Type

MultiFamily

Closing

May 14, 2025

AI

The property asset involved in the transaction is a multifamily building located at 410 West 146th Street in the Hamilton Heights market of Manhattan. It was sold for $1,850,000, encompassing a total square footage of 4,400, resulting in a price per square foot of $420.

Summary of transaction details:

Christen Portelli and Charles Chang represented the seller, Cormac Creed, in the transaction, facilitating the sale process and negotiations for the transfer of the property.

Players

Charles Chang

Highcap Group

Broker

$151M

vol

13 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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93