Updated Feb 16, 2024
Carlo Perrone Acquires Multifamily Properties In Greenwich Village And Upper East Side For $19M
170 E 83rd St, New York, NY 10028, USA
$19,000,000
$201/SF
Building Size
94,517 SF
Asset Type
MultiFamily
Closing
Mar 24, 2020
About this deal
AI
A multifamily property located at 56 West 11th Street in Greenwich Village and 170 East 83th Street in the Upper East Side has been involved in a closed transaction. The property consists of two buildings with a total square footage of 22,396 and 72,121 square feet, and a total of 36 and 86 units respectively. The transaction took place on March 25, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $19,000,000
- Market: Greenwich Village, Upper East Side
- Lender: Bank United
- Landlord: Carlo Perrone
- Brokers: Steve Klein, Geoff Goldstein - JLL
- Loan Amount: $19,000,000
- Square Footage: 22,396 & 72,121
- Units: 36 & 86
The deal was facilitated by brokers Steve Klein and Geoff Goldstein from JLL. They represented the parties involved in the transaction but did not act as buyers, sellers, landlords, or tenants themselves.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93