Updated Sep 5, 2024
Mark Moskowitz And Ameesh Agarwal Acquire Greenwich Village Development Site For $80M
64 University Pl, Manhattan, New York, NY, USA
$80,000,000
$1,230/SF
Building Size
65,000 SF
Asset Type
Development Site
Closing
Jun 24, 2021
About this deal
AI
Located in Greenwich Village, the property at 64 University Pl recently underwent a closed transaction. The development site spans approximately 65,000 square feet, making it an ideal opportunity for future development. The deal, which took place on 25th June 2021, involved a loan amount of $80,000,000.
Summary of transation details
- Property Type: Dev Site
- Transaction Amount: $80,000,000
- Address: 64 University Pl
- Market: Greenwich Village
- Asset Type: Dev Site
- BSF: 65,000
The landlords for this property are Ameesh Agarwal and Mark Moskowitz. Representing the deal was broker Ryan Horowitz from Cooper Horowitz.
On the Map
$80,000,000
$1,230/SF
Development Site
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Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93