Updated Oct 28, 2024
Eichiro Kobayashi Acquires Multifamily Property In Midtown West For $6.7M
410 West 36th Street, New York City, New York 10018, United States
$6,700,000
$604/SF
Building Size
11,093 SF
Asset Type
MultiFamily
Closing
Oct 19, 2022
About this deal
AI
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.
On the Map
$6,700,000
$604/SF
MultiFamily
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New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93