facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

413 West 22nd Street, New Y...

R.A.Cohen & Associates Acquires Multifamily Property In Chelsea For $3.35M
SOLDMultiFamily

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

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.

Players

Brock Emmetsberger

Matthews

Broker

$348M

vol

27 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

R.A. Cohen

Cohen & Associates

Buyer

$63.3M

vol

5 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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