Lions Group NYC Acquires Multifamily Property In West Village, Manhattan For $30M
100 Christopher Street
$30,000,000
$1,373/SF
Building Size
21,849 SF
Asset Type
MultiFamily
Closing
Oct 31, 2023
AI
The property asset involved in this transaction is a multifamily building located at 100 Christopher Street in the West Village neighborhood of Manhattan. The sale took place on October 31, 2023. The property consists of 37 units with an average price per unit of $810,811. The total square footage of the building is 21,849, with an average price per square foot of $1,373. The transaction was completed for a total sale price of $30,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $30,000,000
- Address: 100 Christopher Street
- Market: West Village, Manhattan
- Units: 37
- Price per Unit: $810,811
- Square Footage: 21,849
- Price per Square Foot: $1,373
The buyer in this transaction was Lions Group NYC, while the sellers were Michael Shah and Yoni Hadar. The deal was facilitated by brokers David Schechtman, Brian Gladstone, and Abie Kassin of Meridian Capital Group.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93