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459 W 43rd St, New York, NY...

Nancy Ha Acquires Multifamily Property In Manhattan For $11.2M
SOLDMultiFamily

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

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

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