Time Equities Acquires Multifamily Property On Carmine Street In West Village For $11.6M
11 Carmine St, New York, NY 10014, USA
Building Size
10,016 SF
Asset Type
MultiFamily
Closing
Aug 14, 2019
AI
The multifamily property located at 11 Carmine Street in the West Village has been successfully sold. The property spans a total of 10,016 square feet and was sold at a price of $11,600,000. The sale price translates to a price per square foot of $1,158.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $11,600,000
- Address: 11 Carmine Street
- Market: West Village
The Nocetti Family acted as the seller, while the buyer was Time Equities. The transaction was facilitated by Adam Zucker and Erin Aries of an undisclosed agency.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93