Updated May 22, 2025
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Sale Date: 5/15/2025
- Seller: Cormac Creed
- Brokers: Christen Portelli & Charles Chang - Highcap Group
- Property Delivery: Vacant
- Renovation Plans: Complete gut renovation by buyer
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.
On the Map
$1,850,000
$420/SF
MultiFamily
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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