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10 5 Ave, New York City, Ne...

Julian Kiguel Acquires Multi Family Property In Greenwich Village For $15M
SOLDMultiFamily

Julian Kiguel Acquires Multi Family Property In Greenwich Village For $15M

10 5 Ave, New York City, New York 10011, United States

$15,000,000

$1,186/SF

Building Size

12,648 SF

Asset Type

MultiFamily

Closing

Dec 12, 2021

AI

A multi-family property located at 10 5 Avenue in Greenwich Village, Manhattan has been sold in a closed transaction. The property, which falls under the R10 zoning category, was purchased for $15,000,000. It spans a total of 28,500 square feet, resulting in a price per square foot of $526. The building itself measures 12,648 square feet, with a price per square foot of $1,186. The lot size is 2,850 square feet, and its dimensions are 28.5 feet by 100 feet. The previous sale of this property occurred on March 28, 2011, at a price of $9,215,000.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $15,000,000
  • Market: Greenwich Village, Manhattan
  • Zoning: R10
  • Buyer: Julian Kiguel
  • Seller: Jordan Vogel
  • Price per Square Foot: $526
  • Building Square Footage: 12,648
  • Total Square Footage: 28,500
  • Lot Size: 2,850
  • Last Sale Price: $9,215,000
  • Lot Dimensions: 28.5 ft x 100 ft

Julian Kiguel was the buyer in this transaction, while Jordan Vogel served as the seller. The transaction's FAR (Floor Area Ratio) is 4.44, and the tax class for the property is 2.

Players

Jordan Vogel

Seller

$262.1M

vol

11 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93