facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Sale

/

10 W 46th St, Manhattan, Ne...

Shefi Diamonds Acquires Office Space In Midtown Manhattan For $4.2M
SOLDOffice

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

Michael Rudder

Rudder Property Group

Broker

$198.3M

vol

23 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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