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
$50,000,000
$1,250/SF
Building Size
40,000 SF
Asset Type
MultiFamily
Closing
Jun 15, 2023
AI
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.
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93