Myles Horn Acquires Multifamily Property In Chelsea For $3.1M
458 West 20th Street, Manhattan, New York, NY, USA
$3,100,000
$649/SF
Building Size
4,775 SF
Asset Type
MultiFamily
Closing
Sep 24, 2021
AI
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93