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110 Macdougal Street, New Y...

Updated Dec 18, 2023

Peter G. Meskouris Acquires Apartment Building In Greenwich Village, Manhattan For $3.65M
SOLDMultiFamily

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

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $294 per square foot on a published $3.7M for 12,400 square feet (2022).

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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

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