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410 West 36th Street, New Y...

Eichiro Kobayashi Acquires Multifamily Property In Midtown West For $6.7M
SOLDMultiFamily

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

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.

Players

Jonathan Hageman

JLL

Broker

$2.6B

vol

60 deals

Broker
Sugar Hill Capital Partners
Sugar Hill Capital PartnersSeller

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

2.37%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93