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
About this deal
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.
On the Map
$4,050,000
$869/SF
Office
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Players
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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