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10 West 46th Street, Manhat...

ZigZag Holdings Acquires Office Building On West 46th Street In Midtown For $4.05M
SOLDOffice

ZigZag Holdings Acquires Office Building On West 46th Street In Midtown For $4.05M

10 West 46th Street, Manhattan, New York, NY, USA

$4,050,000

$869/SF

Building Size

4,658 SF

Asset Type

Office

Closing

Dec 8, 2020

AI

Located in Midtown, the office building at 10 West 46th Street was recently sold in a transaction finalized on 12/09/2020. The property, encompassing 4,658 square feet, was sold for a price of $4,050,000, resulting in a price per square foot of $869. The sale was facilitated by Jonathan Anapol of Prime Manhattan Realty, representing the buyer, ZigZag Holdings, and Michael Rudder of Rudder Property Group, representing the seller, GHH Associates.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $4,050,000
  • Address: 10 West 46th Street
  • Market: Midtown
  • Size: 4,658 square feet
  • Price per Square Foot: $869

Rudder Property Group, a prominent office condominium specialist in New York, served as the seller's representative in this deal. For further information, interested parties can visit their website at www.rudderpg.com or contact them directly at (212) 966-3611.

Players

Jonathan Anapol

Broker

$28.8M

vol

4 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.92%

Cash-on-Cash

-1.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93