facebook
Traded Co logo
Submit

Avison Young Brokers Sell Multifamily Property In Greenwich Village For $32M

Property Image
SOLD
$32,001,000
Matthew (Matt) Albano
Brad Fishbein
Mitchell Levine
+ 3

New York

See Similar Deals
Mixed-use32,628 SF
Sold 03/04/2022
the dealplayerscompscontact
Property Image
SOLD

Avison Young Brokers Sell Multifamily Property In Greenwich Village For $32M

1 Patchin Place, New York City, New York 10011, United States

See Similar Deals
Mixed-use32,628 SF
Sold 03/04/2022
Matthew (Matt) Albano
Brad Fishbein
Mitchell Levine
+ 3
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$980
Total Square Footage:32,628 SF
Transaction Type:Sale

An multifamily property located at 1-10 Patchin Place and 113 West 10th Street in Greenwich Village has been sold for a total of $32,001,000. The property consists of 39 units with an approximate price per unit of $820,538. The total square footage of the property is 32,628, resulting in a price per square foot of $980.

Summary of transaction details

The deal was facilitated by brokers James Nelson, Mitchell Levine, David Shalom, and Alexandra Marolda from Avison Young.

Players

David Shalom
Avison Young
David Shalom
38 deals$552.8M volume(212) 230-5948
BROKER
James Nelson
Avison Young
James Nelson
85 deals$1.9B volume
BROKER
Alexandra Marolda
Avison Young
Alexandra Marolda
37 deals$814.9M volume
BROKER
Mitchell Levine
Avison Young
Mitchell Levine
27 deals$294.6M volume
BROKER
Matthew (Matt) Albano
Gcp Capital Group
Matthew Albano
10 deals$81.2M volume
BROKER
Brad Fishbein
Gcp Capital Group
Brad Fishbein
5 deals$64.2M volume
BROKER
Ladder Capital
Ladder Capital
LENDER

Details

SOLD
IMAGE: James Nelson, Mitchell Levine, David Shalom & Alexandra Marolda DATE: 03/04/2022 ADDRESS: 1-10 Patchin Place & 113 West 10th Street MARKET: Greenwich Village ASSET TYPE: Multifamily BROKERS: James Nelson (@JamesNelsonNYC), Mitchell Levine, David Shalom & Alexandra Marolda - Avison Young SALE PRICE: $32,001,000 UNITS: 39 ~ PPU: $820,538 SF: 32,628 ~ PPSF: $980

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,706,719.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$113,692.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$151,701.07
Annual Debt Service$1,820,412.79