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37 Carmine Street, Manhatta...

Alchemy Ventures Acquires Mixed-use Property In West Village For $7M
SOLDMixed-use

Alchemy Ventures Acquires Mixed-use Property In West Village For $7M

37 Carmine Street, Manhattan, New York, NY, USA

$7,000,000

$681/SF

Building Size

10,275 SF

Asset Type

Mixed-use

Closing

Aug 9, 2021

AI

Located in the West Village market, the mixed-use property at 37 Carmine Street has been sold in a transaction valued at $7,000,000. The property, with a tax class of 2B, spans across approximately 10,275 square feet. The sale price equates to a price per square foot of $681. The transaction took place on August 9, 2021, and the buyer is Alchemy Ventures, represented by Samuel Kooris. The seller of the property is the Estate Of Ardath Cifuni. The deal was facilitated by HPNY brokerage.

Summary of Transaction Details:

  • Property Type: Mixed-use
  • Transaction Amount: $7,000,000
  • Address: 37 Carmine Street
  • Tax Class: 2B
  • Market: West Village
  • Square Footage: 10,275
  • Price per Square Foot: $681

Alchemy Ventures, headed by Samuel Kooris, acted as the buyer in this transaction. The seller, Estate Of Ardath Cifuni, successfully closed the deal with the assistance of HPNY brokerage. The property presents a noteworthy investment opportunity in the sought-after West Village market.

Players

Samuel Kooris

Alchemy Ventures

Buyer

$61.8M

vol

7 deals

Buyer
EO
Estate OfSeller

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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93