Compass Brokers Jim St. André & Stephen Ferrara Acquire Development Site In West Village For $64.2M
SOLD
$64,200,000
New York
See Similar DealsDevelopment Site40,000 SF
Sold 05/13/2022
SOLD
Compass Brokers Jim St. André & Stephen Ferrara Acquire Development Site In West Village For $64.2M
125 Perry Street, New York City, New York 10014, United States
See Similar DealsDevelopment Site40,000 SF
Sold 05/13/2022
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,605
Total Square Footage:40,000 SF
Transaction Type:Sale
125 Perry St. in the West Village has been sold as a development site for a total price of $64,200,000. The property spans 40,000 square feet, resulting in a price per square foot of $1,605. The transaction took place on May 13, 2022. Jim St. André and Stephen Ferrara of Compass represented the deal as brokers.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $64,200,000
- Market: West Village
- Address: 125 Perry St.
- Square Footage: 40,000
- Price Per Square Foot: $1,605
The transaction was represented by Jim St. André and Stephen Ferrara of Compass. They played crucial roles in facilitating the sale of this development site in the West Village.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,424,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$228,089.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$304,340.75
Annual Debt Service$3,652,089.04
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