Updated Dec 18, 2023
Peter G. Meskouris Acquires Apartment Building In Greenwich Village, Manhattan For $3.65M
110 Macdougal Street, New York City, New York 10012, United States
$3,650,000
$294/SF
Building Size
12,400 SF
Asset Type
MultiFamily
Closing
Jul 4, 2022
About this deal
AI
An apartment building located at 110 Macdougal Street in Greenwich Village, Manhattan has been sold for $3,650,000. The property is zoned as R7-2 and C1-5, allowing for various uses. With a building square footage (BSF) of 8,600, the price per BSF is $424. The total square footage (SF) of the property is 12,400, resulting in a price per SF of $294. The lot size is 2,500, and the lot dimensions are 25 ft x 100 ft. The transaction took place on July 5, 2022.
Summary of transation details
- Property Type: Apartment Building
- Transaction Amount: $3,650,000
- Market: Greenwich Village, Manhattan
- Zoning: R7-2, C1-5
- Buyer: Peter G. Meskouris
- Seller: Chris Meskouris
- BSF: 8,600
- PPBSF: $424
- SF: 12,400
- PPSF: $294
- Lot Size: 2,500
- Lot Dimension: 25 ft x 100 ft
Peter G. Meskouris served as the buyer in this transaction, while Chris Meskouris acted as the seller. The property previously obtained an alteration permit on December 3, 2018, allowing for modifications to be made. The property falls under tax class 2, indicating its classification for taxation purposes.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93