Updated Dec 21, 2023
Benjamin Braka Acquires 731 9 Avenue, 729 9 Avenue & 404 West 50th Street In Clinton - Hell's Kitchen, Manhattan For $10M
404 West 50th Street, New York City, New York 10019, United States
$10,000,000
$423/SF
Building Size
23,636 SF
Asset Type
MultiFamily
Closing
May 9, 2022
About this deal
AI
An apartment building located at 731 9 Avenue, 729 9 Avenue, and 404 West 50th Street in Clinton - Hell's Kitchen, Manhattan has been sold for $10,000,000. The property has a total building square footage of 44,746 and a price per square foot of $223. The lot has a size of 3,711 square feet with dimensions of 42 ft x 100 ft.
Summary of transaction details
- Property Type: Apartment Building
- Transaction Amount: $10,000,000
- Market: Clinton - Hell's Kitchen, Manhattan
- Zoning: R8, C1-5
- Buyer: Benjamin Braka
- Seller: Michael Masucci
- Building Square Footage: 44,746
- Price per Square Foot: $223
- Lot Size: 3,711 square feet
- Lot Dimension: 42 ft x 100 ft
Benjamin Braka represented himself as the buyer in this transaction, while Michael Masucci acted as the seller.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93