Updated Dec 4, 2024
Alf Naman's West Village Development Site Under Contract For $57.5M
125 Perry Street
$57,500,000
Building Size
—
Asset Type
Development Site
Closing
Mar 6, 2024
About this deal
AI
Located in the West Village of Manhattan, the development site at 125 Perry Street has secured a deal at an asking price of $57.5 million. The property is part of Alf Naman's luxury development, with the sale marking the second unit in the building to go into contract.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $57,500,000
- Address: 125 Perry Street
- Market: West Village, Manhattan
Jim St. André and Stephen Ferrara of Compass represented Alf Naman in this promising sale. Sales at the luxury development have seen a penthouse being the first available unit to secure a deal, setting a positive tone for the property market in the West Village.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93