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
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