Updated Dec 4, 2024
Marcus & Millichap Sells Midtown Manhattan Multifamily For $6.6M With Buyer's Rep Joe Koicim, Logan Markley & Zan Colin
60 West 45th Street
$6,600,000
$1,061/SF
Building Size
6,216 SF
Asset Type
MultiFamily
Closing
Oct 1, 2023
About this deal
AI
A multifamily property in Midtown Manhattan has recently been sold for $6,600,000. This property, located at 60 West 45th Street, consists of 6 units with a price per unit of $1,100,000. The total square footage of the property is 6,216, making the price per square foot $1,062. The sale was facilitated by brokers Joe Koicim, Logan Markley, and Zan Colin of Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,600,000
- Address: 60 West 45th Street
- Market: Midtown Manhattan
- Units: 6
- Price per Unit: $1,100,000
- Total Square Footage: 6,216
- Price per Square Foot: $1,062
Joe Koicim, Logan Markley, and Zan Colin, who are representatives of Marcus & Millichap, played a crucial role in the successful sale of this multifamily property in Midtown Manhattan. Their expertise and experience in the real estate market have contributed to the completion of this transaction.
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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93