facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

60 West 45th Street

Updated Dec 4, 2024

Marcus & Millichap Sells Midtown Manhattan Multifamily For $6.6M With Buyer's Rep Joe Koicim, Logan Markley & Zan Colin
SOLDMultiFamily

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

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $1.1K per square foot on a published $6.6M for 6,216 square feet (2023).

Visit Joe Koicim to view all their deals.

Browse New York multifamily sales on Traded.

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

More Deals

Nearby Markets