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439 West 46th Street, New Y...

Updated Dec 21, 2023

Akihiro Takoda Acquires Apartment Building In Clinton - Hell's Kitchen For $12.9M
SOLDMultiFamily

Akihiro Takoda Acquires Apartment Building In Clinton - Hell's Kitchen For $12.9M

439 West 46th Street, New York City, New York 10036, United States

$12,988,352

$1,383/SF

Building Size

9,386 SF

Asset Type

MultiFamily

Closing

Mar 29, 2022

About this deal

AI

An apartment located at 439 West 46th Street in Clinton - Hell's Kitchen, Manhattan, was recently sold in a closed transaction. The property, classified as an Apartment and zoned for R8, boasts a total square footage of 9,386. The sale price for this transaction was $12,988,352, translating to a price per square foot of $1,383. The building has a total buildable square footage of 15,917, resulting in a price per buildable square foot of $816. The lot size for the property is 2,644, with dimensions of 26.33 ft x 100.42 ft. The property last exchanged hands on 04/09/2019 for a price of $6,600,000. An alteration permit was issued for the property on 01/27/2022. The property falls under tax class 2.

Summary of transaction details:

  • Property Type: Apartment
  • Transaction Amount: $12,988,352
  • Market: Clinton - Hell's Kitchen, Manhattan
  • Buyer: Akihiro Takoda
  • Seller: Neal Weinstein
  • Buildable Square Footage: 15,917
  • Price per Buildable Square Foot: $816
  • Total Square Footage: 9,386
  • Price per Square Foot: $1,383
  • Lot Size: 2,644
  • Last Sale Price: $6,600,000 (04/09/2019)
  • Permits: Alteration (01/27/2022)
  • Lot Dimension: 26.33 ft x 100.42 ft

Key individuals involved in this transaction include Akihiro Takoda, the buyer, and Neal Weinstein, the seller. Akihiro Takoda was represented by their broker at the deal, while Neal Weinstein was not represented by a broker.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.4K per square foot on a published $13M for 9,386 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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