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Dubin Children’s Trust Acquires Condo At 400 West 12th Street For $16M With Broker Alexa Lambert
SOLD
$16,000,000
New York
See Similar DealsCondo4,100 SF
Sold 08/12/2024
SOLD
Dubin Children’s Trust Acquires Condo At 400 West 12th Street For $16M With Broker Alexa Lambert
400 West 12th Street
See Similar DealsCondo4,100 SF
Sold 08/12/2024
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$3,902
Total Square Footage:4,100 SF
Transaction Type:Sale
A five-bedroom condo located at 400 West 12th Street in the West Village, Manhattan was sold for $16,000,000. The property encompasses 4,100 square feet, resulting in a price per square foot of $3,902.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $16,000,000
- Buyer: Dubin Children’s Trust
- Seller: Edward Nicoll & Helen Nicoll
- Broker: Alexa Lambert - Compass
- Market: West Village, Manhattan
- Sale Date: 08/12/2024
The transaction was made for Celina Dubin, daughter of hedge fund billionaire Glenn Dubin, and is noted as part of a series of high-profile acquisitions for the Superior Ink building.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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