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Myles Horn Acquires Multifamily Property In Chelsea For $3.1M

Property Image
SOLD
$3,100,000
Joseph (Joe) Koicim
Peter Von Der Ahe
Logan Markley
+ 2

New York

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MultiFamily4,775 SF
Sold 09/24/2021
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Property Image
SOLD

Myles Horn Acquires Multifamily Property In Chelsea For $3.1M

458 West 20th Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily4,775 SF
Sold 09/24/2021
Joseph (Joe) Koicim
Peter Von Der Ahe
Logan Markley
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$649
Total Square Footage:4,775 SF
Transaction Type:Sale

A multifamily property located at 458 West 20th Street in Chelsea has been sold for a total price of $3,100,000. The property consists of 15 units and spans 4,775 square feet. The sale price per square foot is $649, and the price per unit is $206,666. This transaction took place on September 24, 2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,100,000
  • Address: 458 West 20th Street
  • Market: Chelsea
  • Zoning: R7B

The buyer of this property is Myles Horn. The deal was facilitated by brokers Peter Von Der Ahe, Joe Koicim, Logan Markley, and Danny Handweiler from Marcus & Millichap NY.

Players

Logan Markley
Marcus & Millichap
Logan Markley
70 deals$970.7M volume(212) 430-5194
BROKER
Peter Von Der Ahe
Marcus & Millichap
Peter Von Der Ahe
110 deals$1.4B volume
BROKER
Daniel (Danny) Handweiler
Raven Property Advisors
Daniel Handweiler
34 deals$327.6M volume(212) 430-5138
BROKER
Joseph (Joe) Koicim
Marcus & Millichap
Joseph Koicim
172 deals$2.7B volume(212) 430-5147
BROKER
Myles Horn
Myles Horn
5 deals$45.5M volume
BUYER

Details

SOLD
IMAGE: Danny Handweiler, Peter Von Der Ahe, Joe Koicim & Logan Markley DATE: 09/24/2021 ADDRESS: 458 West 20th Street MARKET: Chelsea ASSET TYPE: Multifamily ~ ZONING: R7B BUYER: Myles Horn BROKERS: Peter Von Der Ahe (@NewYorkMultifamily), Joe Koicim (@Joey1CAP), Logan Markley (@LoganTMarkley) & Danny Handweiler (@DHandz) @MarcusMillichap_NY SALE PRICE: $3,100,000 SF: 4,775 ~ PPSF: $649 UNITS: 15 ~ PPU: $206,666

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$11,013.66
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