US Realty Management Acquires 14,640 SF Midtown West Multifamily Buildings For $9.75M
SOLD
$9,750,000
+ 1
New York
See Similar DealsMultiFamily14,640 SF
Sold
SOLD
US Realty Management Acquires 14,640 SF Midtown West Multifamily Buildings For $9.75M
771 9th Ave, New York, NY 10019, USA
See Similar DealsMultiFamily14,640 SF
Sold
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$666
Total Square Footage:14640 SF
Transaction Type:Sale
A multifamily property located at 771 9th Avenue and 406 West 52nd Street in New York's Midtown West market has been sold for a total price of $9,750,000. The property spans across 14,640 square feet, resulting in a price per square foot of $666. It comprises a total of nine units.
Summary of transation details
- Property Type: Multifamily Buildings
- Transaction Amount: $9,750,000
- Address: 771 9th Avenue and 406 West 52nd Street
- Market: Midtown West, New York
- Square Footage: 14,640 square feet
- Price per Square Foot: $666
- Number of Units: 9
The seller of the property is Neil Janovic, while the buyer is US Realty Management. The transaction was facilitated by brokers Logan Markely, Peter Von Der Ahe, Joe Koicim, and David Lloyd from @newyorkmultifamily.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$520,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,639.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,219.97
Annual Debt Service$554,639.69
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