David Habif Acquires Mixed-Use Property On West Houston Street For $7.85M
132 West Houston Street, Manhattan, New York, NY, USA
$7,850,000
$1,256/SF
Building Size
6,250 SF
Asset Type
Mixed-use
Closing
Sep 27, 2021
AI
The mixed-use property located at 132 West Houston Street in Greenwich Village has been sold in a recent transaction. The sale took place on September 27, 2021, with a sale price of $7,850,000. The property spans 6,250 square feet and has a price per square foot of $1,256. It consists of 4 units, with a price per unit of $1,962,500. The capitalization rate for this transaction is 4.83%.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $7,850,000
- Square Feet: 6,250
- Price Per Square Foot: $1,256
- Units: 4
- Price Per Unit: $1,962,500
- Capitalization Rate: 4.83%
The buyer in this transaction is David Habif. Representing the buyer were Joe Koicim and Peter Dodge from New York Multifamily and Marcus Millichap_NY, respectively.
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
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93