Varun Jain's AIRA REAL ESTATE LLC Acquires Office At 10 West 46th Street In Midtown West For $3.9M
10 W 46th St, New York, NY 10036, USA
$3,900,000
$967/SF
Building Size
4,032 SF
Asset Type
Office
Closing
Sep 11, 2019
AI
The entire 12th floor of 10 West 46th Street, located in Midtown West, has been sold in a closed transaction. The office space, spanning 4,032 square feet, was sold for a price of $3,900,000. The property was listed with an asking price of $4,300,000, resulting in a sale price of $967 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,900,000
- Square Feet: 4,032
- Address: 10 West 46th Street
- Market: Midtown West
The seller of the property was Manny Khakshour, representing MHK Realty Corp. The buyer, on the other hand, was Varun Jain, representing AIRA REAL ESTATE LLC. Avi Ben-Ishay, a broker, facilitated the transaction.
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93