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100 Christopher Street

Lions Group NYC Acquires Multifamily Property In West Village, Manhattan For $30M
SOLDMultiFamily

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

Abie Kassin

Meridian Capital Group

Broker

$1.6B

vol

52 deals

Broker
LN
Lions Group NYCBuyer
CC
Chai Urgent CareSeller

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

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93