John Flowers Acquires Condo In Greenwich Village From Gregory Axelrod For $6.5M
SOLD
New York
See Similar DealsCondo1,961 SF
Sold 05/15/2025
SOLD
John Flowers Acquires Condo In Greenwich Village From Gregory Axelrod For $6.5M
130 West 12th Street
See Similar DealsCondo1,961 SF
Sold 05/15/2025
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$3,314
Total Square Footage:1,961 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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