Compass Facilitates $11.7M Sale Of West Village Multifamily Property
338 West 12th Street
$11,700,000
$2,210/SF
Building Size
5,294 SF
Asset Type
MultiFamily
Closing
Jan 20, 2023
AI
A multifamily property located at 338 West 12th Street in the West Village has been sold for a total of $11,700,000. The property spans a total area of 5,294 square feet, resulting in a price per square foot of $2,210.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $11,700,000
- Address: 338 West 12th Street
- Market: West Village
The buyer's representatives involved in the deal were Stephen Ferrara and Clayton Orrigo from Compass. On the seller's side, the deal was facilitated by Jim St. André, Marc Solomon, and Alessandra DeLaCruz, also from Compass.
Players
West Village MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93