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771 9th Ave, New York, NY 1...

US Realty Management Acquires 14,640 SF Midtown West Multifamily Buildings For $9.75M
SOLDMultiFamily

US Realty Management Acquires 14,640 SF Midtown West Multifamily Buildings For $9.75M

771 9th Ave, New York, NY 10019, USA

$9,750,000

$666/SF

Building Size

14,640 SF

Asset Type

MultiFamily

Closing

Nov 28, 2020

AI

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.

Players

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

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

1.63%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93