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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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