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
About this deal
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.
On the Map
$3,900,000
$967/SF
Office
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New York Office Market Snapshot
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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