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400 West 12th Street

Dubin Children’s Trust Acquires Condo At 400 West 12th Street For $16M With Broker Alexa Lambert
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Dubin Children’s Trust Acquires Condo At 400 West 12th Street For $16M With Broker Alexa Lambert

400 West 12th Street

$16,000,000

$3,902/SF

Building Size

4,100 SF

Asset Type

Condo

Closing

Aug 12, 2024

AI

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.

Players

Alexa Lambert

Compass

Broker

$260.4M

vol

9 deals

Broker

New York Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93