Eun Rae Jo Acquires Mixed-Use Property In Greenwich Village For $7.2M
Benjamin N. Cardozo School of Law/Brookdale Center, 55 5th Ave, New York, NY 10011, USA
Building Size
63,160 SF
Asset Type
Mixed-use
Closing
Jun 18, 2018
About this deal
AI
The mixed-use property located at 28 West 12th Street in Greenwich Village, Manhattan has been sold. The transaction took place on November 29, 2022. The property consists of 5 units and spans approximately 6,000 square feet. The sale price for the property was $7,200,000, resulting in an average price per unit of $1,440,000 and a price per square foot of $1,200.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $7,200,000
- Address: 28 West 12th Street
- Market: Greenwich Village, Manhattan
- Buyer: Eun Rae Jo
- Seller: Hampson Albert Sisler Foundation - J.P. Sipp
- Units: 5
- Price per Unit: $1,440,000
- Square Footage: 6,000
- Price per Square Foot: $1,200
Eun Rae Jo served as the buyer in this transaction, while the Hampson Albert Sisler Foundation - J.P. Sipp acted as the seller. This deal marks a significant sale in the Greenwich Village neighborhood of Manhattan.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93