David Habif Acquires Mixed-Use Property On West Houston Street For $7.85M
SOLD
$7,850,000
New York
See Similar DealsMixed-use6,250 SF
Sold 09/27/2021
SOLD
David Habif Acquires Mixed-Use Property On West Houston Street For $7.85M
132 West Houston Street, Manhattan, New York, NY, USA
See Similar DealsMixed-use6,250 SF
Sold 09/27/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,256
Total Square Footage:6,250 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$418,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,889.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,213.00
Annual Debt Service$446,556.06
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