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338 West 12th Street

Compass Facilitates $11.7M Sale Of West Village Multifamily Property
SOLDMultiFamily

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

Clayton Orrigo

Compass

Broker

$136.1M

vol

6 deals

Broker

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