facebook
Traded Co logo
Submit

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

Property Image
SOLD
$5,720,000
Peter Von Der Ahe
Logan Markley
+ 2

New York

See Similar Deals
MultiFamily4,800 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

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

439 West 21st Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily4,800 SF
Sold
Peter Von Der Ahe
Logan Markley
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1191
Total Square Footage:4800 SF
Transaction Type:Sale

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
67 deals$894.2M volume(212) 430-5194
BROKER

Peter Von Der Ahe
Marcus & Millichap
110 deals$1.4B volume
BROKER

Daniel (Danny) Handweiler
Raven Property Advisors
33 deals$320.3M volume(212) 430-5138
BROKER

David Lloyd
Marcus & Millichap
13 deals$275.2M volume
BROKER

Joseph (Joe) Koicim
Marcus & Millichap
167 deals$2.6B volume(212) 430-5147
BROKER

Details

SOLD
IMAGE: September 15 , 2017 ADDRESS: 439 w 21st Street CITY: New York MARKET: Manhattan ASSET TYPE: Town House SELLER: Choukroun Asset Management Trust BUYER: High Line 21 Corporation BROKERS: Logan Markley and David Lloyd,Joe Koicim, Peter Von Der Ahe, and Daniel Handweiler. @dlosho, @marklel32, @joey1cap PRICE: $5,720,000 SF: 4,800

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$305,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,321.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,115.72
Annual Debt Service$325,388.62