Updated Oct 28, 2024
R.A.Cohen & Associates Acquires Multifamily Property In Chelsea For $3.35M
413 West 22nd Street, New York City, New York 10011, United States
$3,350,000
$827/SF
Building Size
4,050 SF
Asset Type
MultiFamily
Closing
Apr 24, 2022
About this deal
AI
The multifamily property located at 413 W. 22nd St. in Chelsea has been sold. The transaction took place on 04/25/2022. The property consists of 6 units with a total area of 4,050 square feet. The sale price for this property was $3,350,000, resulting in a price per unit of $558,333 and a price per square foot of $827.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,350,000
- Address: 413 W. 22nd St.
- Market: Chelsea
The buyer of the property was R.A.Cohen & Associates, while the seller was Mary Swartz. The deal was facilitated by the following brokers: Brock Emmetsberger from B6 Real Estate Advisors and Hall Oster, Conrad Martin, and Braedon Gait from JLL.
On the Map
$3,350,000
$827/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93