Nancy Ha Acquires Multifamily Property In Manhattan For $11.2M
459 W 43rd St, New York, NY 10036, USA
$11,200,000
$1,172/SF
Building Size
9,550 SF
Asset Type
MultiFamily
Closing
Nov 28, 2020
AI
The multifamily property located at 459 West 43rd Street in Manhattan has been sold for a total price of $11,200,000. The property spans across a total area of 9,550 square feet, translating to a price per square foot of $1,173. The seller of the property was Genesis Investment Properties, represented by Dr. Eli Mordechai. The buyer of the property was Nancy Ha.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,200,000
- Address: 459 West 43rd Street
- City: New York
- Market: Manhattan
- Square Footage: 9,550 sf
- Price per Square Foot: $1,173
The transaction was facilitated by brokers David Lloyd, Logan Markley, Joe Koicim, and Peter Von Der Ahe, who represented the parties involved in the deal.
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
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93