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Shoichi Taguchi Acquires NoMad Multifamily For $24.36M

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SOLD
$24,365,000

New York

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MultiFamily20,868 SF
Sold 06/05/2024
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Property Image
SOLD

Shoichi Taguchi Acquires NoMad Multifamily For $24.36M

43 West 27th Street

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MultiFamily20,868 SF
Sold 06/05/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,167
Total Square Footage:20,868 SF
Transaction Type:Sale

The multifamily property located at 43 West 27th Street in NoMad was sold for $24,365,000. The property spans 20,868 square feet with a price per square foot of $1,168. The seller was Icon Realty Management, represented by Brandon Polakoff, Ryan McGuirl, Kyle Sabath, and Ed Nelson from Avison Young. The buyer, Shoichi Taguchi, was assisted by Serene Powers and Kaori Kemmizaki from Serene Powers Real Estate LLC.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $24,365,000
  • Address: 43 West 27th Street
  • Market: NoMad
  • Seller: Terrence Lowenberg & Todd Cohen - Icon Realty Management
  • Buyer: Shoichi Taguchi
  • Seller's Representative: Brandon Polakoff, Ryan McGuirl, Kyle Sabath & Ed Nelson - Avison Young
  • Buyer's Representative: Serene Powers & Kaori Kemmizaki - Serene Powers Real Estate LLC
  • SF: 20,868
  • PPSF: $1,168

The transaction involved prominent real estate professionals such as Brandon Polakoff, Ryan McGuirl, Kyle Sabath, and Ed Nelson from Avison Young, who represented the seller, Icon Realty Management. On the buyer's side, Shoichi Taguchi was assisted by Serene Powers and Kaori Kemmizaki from Serene Powers Real Estate LLC.

Players

Brandon Polakoff
124 deals$1.8B volume
BROKER

Ryan McGuirl
Avison Young
60 deals$804.5M volume(212) 858-9361
BROKER

Kyle Sabath
Avison Young
17 deals$200.5M volume(212) 729-6279
BROKER

Details

SOLD
IMAGE: Brandon Polakoff, Ryan McGuirl, Kyle Sabath & Ed Nelson DATE: 06/05/2024 ADDRESS: 43 West 27th Street MARKET: NoMad ASSET TYPE: Multifamily SELLER: Terrence Lowenberg & Todd Cohen - Icon Realty Management BUYER: Shoichi Taguchi SELLER'S REP: Brandon Polakoff (@BfPolly), Ryan McGuirl (@RMac_NYC), Kyle Sabath & Ed Nelson (@EdNelsonNYC) - Avison Young (@Avison_Young_Global) BUYER'S REP: Serene Powers & Kaori Kemmizaki - Serene Powers Real Estate LLC SALE PRICE: $24,365,000 SF: 20,868 ~ PPSF: $1,168

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,299,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$86,563.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$115,502.53
Annual Debt Service$1,386,030.37