Updated Sep 11, 2026
Empress Property Group Acquires Multifamily Asset In New York For $9.5M
541-545 West 49th Street
$9,500,000
$310/SF
Building Size
30,618 SF
Asset Type
MultiFamily
Closing
Sep 30, 2022
About this deal
AI
The multifamily property located at 541-545 West 49th Street in New York has been sold for a price of $9,500,000. The property spans a total area of 30,618 square feet, resulting in a price per square foot of $310. The transaction took place on September 30, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,500,000
- Property Address: 541-545 West 49th Street, New York
- Market: New York
In this deal, the buyers are Lav Bauta and Izzy Bauta, who are represented by Empress Property Group. The brokers involved in the transaction are Amit Doshi, Shallini Mehra, and Justin Barbos, all of whom are associated with Meridian Investment Sales.
On the Map
$9,500,000
$310/SF
MultiFamily
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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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93