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439 W 46th St, Manhattan, N...

Updated Oct 29, 2024

Sun Frontier Co Acquires Multifamily Property In Hells Kitchen For $6.6M
SOLDMultiFamily

Sun Frontier Co Acquires Multifamily Property In Hells Kitchen For $6.6M

439 W 46th St, Manhattan, New York, NY, USA

$6,600,000

$702/SF

Building Size

9,390 SF

Asset Type

MultiFamily

Closing

Apr 8, 2019

About this deal

AI

The multifamily property located at 439 W 46th St in Hells Kitchen, was recently sold for a total price of $6,600,000. The property spans a total of 9,390 square feet, resulting in a price per square foot of $702. The transaction took place on April 9, 2019. The seller in this deal was The Gonedes Family Partnership, while the buyer was Sun Frontier Co represented by Seiichi Saito. The brokerage company involved in the transaction was Brax Realty, with Alan Stenson representing the buyer.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,600,000
  • Address: 439 W 46th St
  • Market: Hells Kitchen
  • Square Footage: 9,390
  • Price Per Square Foot: $702

Alan Stenson of Brax Realty played a pivotal role in representing the buyer, Sun Frontier Co, in this transaction. The involvement of these key individuals and companies highlights the successful completion of the deal for the multifamily property at 439 W 46th St.

Players

Alan Stenson

Brax Realty

Broker

$120.4M

vol

20 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $702 per square foot on a published $6.6M for 9,390 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.40%

Cash-on-Cash

-0.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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