Eichiro Kobayashi Acquires Multifamily Property In Midtown West For $6.7M
SOLD
$6,700,000
+ 1
New York
See Similar DealsMultiFamily11,093 SF
Sold 10/20/2022
SOLD
Eichiro Kobayashi Acquires Multifamily Property In Midtown West For $6.7M
410 West 36th Street, New York City, New York 10018, United States
See Similar DealsMultiFamily11,093 SF
Sold 10/20/2022
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$604
Total Square Footage:11,093 SF
Transaction Type:Sale
The multifamily property located at 410 W 36th Street in Midtown West has been sold for $6,700,000. The transaction took place on October 20, 2022. The property consists of 23 units with a price per unit (PPU) of $291,304. The total square footage of the property is 11,093, with a price per square foot (PPSF) of $604.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,700,000
- Address: 410 W 36th Street, Midtown West
- Units: 23
- Price per Unit (PPU): $291,304
- Total Square Footage (SF): 11,093
- Price per Square Foot (PPSF): $604
Eichiro Kobayashi has acquired the property from Sugar Hill Capital Partners. The sale was facilitated by the brokers Hall Oster, Jonathan Hageman, Teddy Galligan, and Conrad Martin from JLL.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$357,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02
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