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439 West 21st Street, Manha...

High Line 21 Corporation Acquires Manhattan Town House For $5.72M
SOLDMultiFamily

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

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

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