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

Property Image
SOLD
$32,001,000
Brad Fishbein
Mitchell Levine
+ 3

New York

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Mixed-use32,628 SF
Sold 03/04/2022
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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
Brad Fishbein
Mitchell Levine
+ 3
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
38 deals$552.8M volume(212) 230-5948
BROKER

James Nelson
Avison Young
85 deals$1.9B volume
BROKER

Alexandra Marolda
Avison Young
37 deals$814.9M volume
BROKER

Mitchell Levine
Avison Young
27 deals$294.6M volume
BROKER

Matthew (Matt) Albano
Gcp Capital Group
10 deals$81.2M volume
BROKER

Brad Fishbein
Gcp Capital Group
5 deals$64.2M volume
BROKER

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

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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