Shoichi Taguchi Acquires NoMad Multifamily For $24.36M
43 West 27th Street
$24,365,000
$1,167/SF
Building Size
20,868 SF
Asset Type
MultiFamily
Closing
Jun 5, 2024
AI
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
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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93