Updated Dec 21, 2023
Marcus & Millichap Brokers Sell Mixed-Use Property In Midtown West For $5M
416 West 46th Street, New York City, New York 10036, United States
$5,000,000
$806/SF
Building Size
6,200 SF
Asset Type
MultiFamily
Closing
Mar 17, 2022
About this deal
AI
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.
On the Map
$5,000,000
$806/SF
MultiFamily
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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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93