Davean Holdings Sells Multifamily Property In Greenwich Village For $50M With Seller's Rep Sean Lefkovits, David Lloyd & Lance Lefkovits - Broker: Walker & Dunlop
SOLD
$50,000,000
+ 1
New York
See Similar DealsMultiFamily40,000 SF
Sold 06/15/2023
SOLD
Davean Holdings Sells Multifamily Property In Greenwich Village For $50M With Seller's Rep Sean Lefkovits, David Lloyd & Lance Lefkovits - Broker: Walker & Dunlop
103 MacDougal St #105 New York, NY 10012, USA
See Similar DealsMultiFamily40,000 SF
Sold 06/15/2023
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,250
Total Square Footage:40,000 SF
Transaction Type:Sale
The multifamily property located at 103-105 Macdougal Street in Greenwich Village has been sold for a total price of $50,000,000. The transaction took place on June 15, 2023. The property consists of 68 units with an average price per unit of $735,294. The total square footage of the property is 40,000, and the price per square foot is $1,250.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $50,000,000
- Units: 68
- Price Per Unit: $735,294
- Square Footage: 40,000
- Price Per Square Foot: $1,250
- Date: June 15, 2023
- Address: 103-105 Macdougal Street
- Market: Greenwich Village
The seller of the property is Davean Holdings, represented by Sean Lefkovits, David Lloyd, and Lance Lefkovits. The transaction was facilitated by the broker David Ash from Walker & Dunlop. Notably, Davean Holdings purchased the properties in 2020 for $22,250,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,666,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$177,639.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$237,025.51
Annual Debt Service$2,844,306.11
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