John Flowers Acquires Condo In Greenwich Village From Gregory Axelrod For $6.5M
130 West 12th Street
$6,500,000
$3,314/SF
Building Size
1,961 SF
Asset Type
Condo
Closing
May 14, 2025
About this deal
AI
The asset involved in this transaction is a condo located at 130 West 12th Street in the Greenwich Village market. The sale price was $6,500,000, representing a price per square foot (PPSF) of $3,314, and the condo measures 1,961 square feet.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,500,000
- Address: 130 West 12th Street
- Market: Greenwich Village
- Square Footage: 1,961
- Price Per Square Foot: $3,314
- Buyer: John Flowers
- Seller: Gregory Axelrod
- Buyer's Representative: Alexander Boriskin & Michael Lorber - Douglas Elliman
This transaction was facilitated by the buyer's representatives, Alexander Boriskin and Michael Lorber, who are affiliated with Douglas Elliman. Their involvement was crucial in the sale from Gregory Axelrod to John Flowers.
On the Map
$6,500,000
$3,314/SF
Condo
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Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $3.3K per square foot on a published $6.5M for 1,961 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93