Updated Oct 29, 2024
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Alan Stenson to view all their deals.
Browse New York multifamily sales on Traded.
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