Marcus & Millichap Brokers Sell Mixed-Use Property In Midtown West For $5M
SOLD
$5,000,000
New York
See Similar DealsMultiFamily6,200 SF
Sold 03/18/2022
SOLD
Marcus & Millichap Brokers Sell Mixed-Use Property In Midtown West For $5M
416 West 46th Street, New York City, New York 10036, United States
See Similar DealsMultiFamily6,200 SF
Sold 03/18/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$806
Total Square Footage:6,200 SF
Transaction Type:Sale
A mixed-use property located at 416 W. 46th St. in Midtown West has been sold for a price of $5,000,000. The property spans 7,200 square feet, resulting in a price per square foot of $694. The sale was completed on March 18, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,000,000
- Address: 416 W. 46th St.
- Market: Midtown West
The sale of the property was facilitated by brokers John J. Stewart and Nicholas Biedron, representing Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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