Avison Young Brokers Sell Multifamily Property In Greenwich Village For $32M
1 Patchin Place, New York City, New York 10011, United States
$32,001,000
$980/SF
Building Size
32,628 SF
Asset Type
Mixed-use
Closing
Mar 3, 2022
About this deal
AI
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
- Property Type: Multifamily
- Transaction Amount: $32,001,000
- Units: 39
- Price Per Unit: $820,538
- Square Footage: 32,628
- Price Per Square Foot: $980
- Market: Greenwich Village
- Brokers: James Nelson, Mitchell Levine, David Shalom & Alexandra Marolda - Avison Young
The deal was facilitated by brokers James Nelson, Mitchell Levine, David Shalom, and Alexandra Marolda from Avison Young.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93