RockSolid Ventures Acquires Multifamily Property On West 47th Street For $7.7M
515 W 47th St New York, NY 10036, USA
$7,700,000
$721/SF
Building Size
10,675 SF
Asset Type
MultiFamily
Closing
Jul 20, 2023
AI
The multifamily property located at 515 West 47th Street in New York City has been sold for a total price of $7,700,000. This property consists of 16 units, with a per unit price of $481,250. The total square footage of the property is 10,675, resulting in a price per square foot of $721.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,700,000
- Units: 16
- Price per Unit: $481,250
- Square Footage: 10,675
- Price per Square Foot: $721
- Address: 515 West 47th Street, New York City
RockSolid Ventures, represented by Jeremey Tahari, Jake Croman, and Adam Croman, has acquired the property. The deal was facilitated by Jonathan Hageman, Hall Oster, and Teddy Galligan of JLL.
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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93