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
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93