Updated Oct 29, 2024
Solil Management LLC Acquires Multi-Family Property In Manhattan For $14.5M
463 Lexington Ave, New York, NY 10017, USA
Building Size
6,154 SF
Asset Type
MultiFamily
Closing
Nov 6, 2017
About this deal
AI
The property involved in this transaction is a multi-family building located at 463 Lexington Avenue in New York City's Manhattan market. The property measures approximately 6,154 square feet and was sold for a price of $14,500,000, resulting in a price per square foot of $2,356. The building consists of 7 units, with an approximate price per unit of $2 million.
Summary of transaction details
- Property Type: Multi-family
- Transaction Amount: $14,500,000
- Square Footage: 6,154 sf
- Price per Square Foot: $2,356
- Number of Units: 7
- Price per Unit: Approximately $2 million
In this deal, the seller was Shorewood Real Estate Group LLC & EMMEs, while the buyer was Solil Management LLC.
On the Map
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93