Martim De Arantes Oliveira Acquires Condo In Greenwich Village For $21M
160 West 12th Street, New York City, New York 10011, United States
$21,000,000
$5,377/SF
Building Size
3,905 SF
Asset Type
—
Closing
Jun 21, 2022
About this deal
AI
A condo located at 160 West 12th Street in Greenwich Village, Manhattan was recently sold in a closed transaction. The property, spanning 3,905 square feet, was bought by Martim De Arantes Oliveira from the seller, Andrew L. Herz, for a price of $21,000,000. The price per square foot for this transaction was $5,377.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $21,000,000
- Address: 160 West 12th Street, Greenwich Village, Manhattan
- Square Footage: 3,905
- Buyer: Martim De Arantes Oliveira
- Seller: Andrew L. Herz
The property, located in a zoning area classified as R8, C6-2, has a floor area ratio (FAR) of 5.75. The tax class for the property is 2. The lot size for this property is 92,925 square feet. The previous sale of this property took place on December 9, 2016, for a price of $16,376,716.
Players
New York CRE Market Snapshot
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Deal FAQ
About $5.4K per square foot on a published $21M for 3,905 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93