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
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