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
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.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
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