High Line 21 Corporation Acquires Manhattan Town House For $5.72M
439 West 21st Street, Manhattan, New York, NY, USA
$5,720,000
$1,191/SF
Building Size
4,800 SF
Asset Type
MultiFamily
Closing
Sep 14, 2017
AI
The townhouse located at 439 W 21st Street in New York City's Manhattan neighborhood has been sold for $5,720,000. The property spans 4,800 square feet and was sold on September 15, 2017. The seller was Choukroun Asset Management Trust, while the buyer was High Line 21 Corporation. The deal was facilitated by brokers Logan Markley, David Lloyd, Joe Koicim, Peter Von Der Ahe, and Daniel Handweiler. @dlosho, @marklel32, @joey1cap.
Summary of transaction details:
- Property Type: Town House
- Transaction Amount: $5,720,000
- Address: 439 W 21st Street, New York
- Market: Manhattan
- Square Footage: 4,800
The sale of this townhouse represents a significant transaction in the Manhattan real estate market. Choukroun Asset Management Trust, the seller, decided to part ways with this property, which caught the attention of High Line 21 Corporation as the buyer. The deal was successfully negotiated by a team of brokers including Logan Markley, David Lloyd, Joe Koicim, Peter Von Der Ahe, and Daniel Handweiler. @dlosho, @marklel32, @joey1cap.
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
2.77%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93