Shefi Diamonds Acquires Office Space In Midtown Manhattan For $4.2M
10 W 46th St, Manhattan, New York, NY, USA
$4,200,000
$901/SF
Building Size
4,658 SF
Asset Type
Office
Closing
Feb 15, 2021
AI
An entire office floor located at 10 W. 46th St. in Midtown was sold on February 16, 2021. The property, spanning 4,658 square feet, was sold for a total of $4,200,000, resulting in a price per square foot of $902. The buyer, Shefi Diamonds, acquired the space from the Gorjian & Hakimian Families.
Summary of transaction details
- Property Type: Office
- Sale Price: $4,200,000
- Square Footage: 4,658
- Price Per Square Foot: $902
- Market: Midtown
The buyer was represented by Harlan Cygielman from Manhattan Realty Advisors, while the seller was represented by Michael Rudder and Justin Harris from Rudder Property Group. Rudder Property Group, specializing in office condominiums in NYC, is currently marketing the 11th floor of the same building for sale. For more information on the available space, interested parties can contact Justin Harris directly at (212) 966-5638 or [email protected].
Players
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93