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
$64,200,000
$1,605/SF
Building Size
40,000 SF
Asset Type
Development Site
Closing
May 12, 2022
AI
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.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93