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@R.A.Cohen & Associates Acquires West Village Mixed-use Property For $16.7M

Property Image
SOLD
$16,725,000
Austin Fabel
Robert (Rob) Shapiro
+ 4

New York

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Mixed-use15,939 SF
Sold 09/23/2021
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Property Image
SOLD

@R.A.Cohen & Associates Acquires West Village Mixed-use Property For $16.7M

101-109 West 10th Street, West Village, New York, NY, USA

See Similar Deals
Mixed-use15,939 SF
Sold 09/23/2021
Austin Fabel
Robert (Rob) Shapiro
+ 4
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,049
Total Square Footage:15,939 SF
Transaction Type:Sale

A mixed-use property located at 101-109 West 10th Street & 473 6th Avenue in the West Village has been sold for a price of $16,725,000. The property spans a total of 15,939 square feet, resulting in a price per square foot of $1,049. The transaction took place on September 23, 2021.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $16,725,000
  • Address: 101-109 West 10th Street & 473 6th Avenue, West Village
  • Market: West Village

The buyer for this transaction is R.A.Cohen & Associates, while the seller is Metro Management Development. The deal was facilitated with the assistance of CushWake brokers Rob Shapiro, Andrew Berry, Michael Gembecki, Charlie Gravina, Austin Fabel, and Nicholas Kontos.

Players

Charlie Gravina
21 deals$280.6M volume
BROKER

Michael Gembecki
Cushman & Wakefield
33 deals$437.7M volume(212) 660-7743
BROKER

Andrew Berry
Cushman & Wakefield
33 deals$410.9M volume
BROKER

Robert (Rob) Shapiro
CBRE
78 deals$882.9M volume(212) 984-8082
BROKER

Austin Fabel
Cushman & Wakefield
7 deals$72.6M volume
BROKER

Nicholas Kontos
CBRE
30 deals$362.9M volume(857) 222-5411
BROKER


5 deals$63.3M volume
BUYER

SELLER

Details

SOLD
IMAGE: Austin Fabel, Andrew Berry, Rob Shapiro, Michael Gembecki, Charlie Gravina, & Nicholas Kontos DATE: 09/23/2021 ADDRESS: 101-109 West 10th Street & 473 6th Avenue MARKET: West Village ASSET TYPE: Mixed-use BUYER: @R.A.Cohen & Associates SELLER: Metro Management Development BROKERS: @CushWake - Rob Shapiro (@RMShapiro), Andrew Berry (@ATBerry3), Michael Gembecki, Charlie Gravina (@Chuckee_G), Austin Fabel (@AsF2196) & Nicholas Kontos (@NAKontos) SALE PRICE: $16,725,000 SF: 15,939 ~ PPSF: $1,049

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$892,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$59,420.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$79,285.03
Annual Debt Service$951,420.39