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544 West 49th Street

Nathan Benelyahou Purchases Multifamily Property At 544 West 49th Street For $2,000,000
SOLDMultiFamily

Nathan Benelyahou Purchases Multifamily Property At 544 West 49th Street For $2,000,000

544 West 49th Street

$2,000,000

$227/SF

Building Size

8,800 SF

Asset Type

MultiFamily

Closing

Mar 30, 2026

AI

The property asset involved in the transaction is a multifamily building located at 544 West 49th Street in Hell's Kitchen. The sale price for this asset was $2,000,000. It contains 20 units, with a price per unit of $100,000. The total square footage of the building is 8,800 square feet, translating to a price per square foot of $227.

Summary of transaction details:

In this transaction, Nathan Benelyahou acted as the buyer while BH3 Management was the seller. The brokerage firm involved in the deal was Besen Partners, represented by broker Jay Bernstein.

Players

Jay Bernstein

Besen Partners

Broker

$70M

vol

12 deals

Broker
Nathan Benelyahou

Nathan Benelyahou

Buyer

$21.9M

vol

6 deals

Buyer
BH3 Management
BH3 ManagementSeller

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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93