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103 MacDougal St #105 New Y...

Davean Holdings Sells Multifamily Property In Greenwich Village For $50M With Seller's Rep Sean Lefkovits, David Lloyd & Lance Lefkovits - Broker: Walker & Dunlop
SOLDMultiFamily

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

David Ash

Prince Realty Advisors

Broker

$1.3B

vol

6 deals

Broker
Sean Lefkovits

Sean Lefkovits

Davean Holdings

Seller

$295.5M

vol

34 deals

Seller

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