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36 W 48th St, New York, NY ...

Rafael Diaz Acquires Retail Asset In Midtown West, Manhattan For $7.2M
SOLDRetail

Rafael Diaz Acquires Retail Asset In Midtown West, Manhattan For $7.2M

36 W 48th St, New York, NY 10036, USA

Building Size

9,500 SF

Asset Type

Retail

Closing

Oct 16, 2017

AI

Located in Midtown West, Manhattan, the retail property at 43 West 46th Street was recently sold in a closed transaction. The sale took place on November 29, 2022, and the asset spans a total of 9,020 square feet. The property was purchased by Rafael Diaz from Joseph Wehbe for a total price of $7,225,000, resulting in a price per square foot of $800.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $7,225,000
  • Address: 43 West 46th Street
  • Market: Midtown West, Manhattan

Rafael Diaz acted as the buyer in this transaction, while Joseph Wehbe served as the seller. Notable details of the deal include the property's size of 9,020 square feet, the sale price of $7,225,000, and a price per square foot of $800.

Players

Rafael Diaz

Buyer

$12.2M

vol

3 deals

Buyer

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93