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
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