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10 W 46th St, New York, NY ...

Varun Jain's AIRA REAL ESTATE LLC Acquires Office At 10 West 46th Street In Midtown West For $3.9M
SOLDOffice

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.

Players

Avi Ben- Ishay

Eastwood Capital Properties

Broker

$219.1M

vol

9 deals

Broker

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