facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

515 W 47th St New York, NY ...

RockSolid Ventures Acquires Multifamily Property On West 47th Street For $7.7M
SOLDMultiFamily

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

Jonathan Hageman

JLL

Broker

$2.6B

vol

60 deals

Broker
Jeremey Tahari

Jeremey Tahari

RockSolid Ventures

Buyer

$59.5M

vol

16 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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