facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

Benjamin N. Cardozo School ...

Eun Rae Jo Acquires Mixed-Use Property In Greenwich Village For $7.2M
SOLDMixed-use

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

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

Edward Setton

Sterling Property Group NY

Broker

$251.4M

vol

55 deals

Broker

Eun Rae Jo

Buyer

$31.8M

vol

4 deals

Buyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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