Updated Oct 29, 2024
Abraham Sanieoff Acquires 106 West 13th Street Multifamily For $19.5M
106 W 13th St, New York, NY 10011, USA
$19,500,000
$1,295/SF
Building Size
15,054 SF
Asset Type
MultiFamily
Closing
May 7, 2019
About this deal
AI
Located in Greenwich Village, the multifamily property at 106 West 13th Street was recently sold for $19,500,000. The asset spans 15,054 square feet, comprising 32 units with an average price per square foot of $1,154 and a price per unit of $609,375. The transaction involved Abraham Sanieoff as the buyer and the Burback Family Trust as the seller. The deal was facilitated by brokers Peter Von Der Ahe, Joe Koicim, and Noah Kossoff on May 7, 2019.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $19,500,000
- Market: Greenwich Village
- Square Footage: 15,054
- Units: 32
- Price Per Square Foot: $1,154
- Price Per Unit: $609,375
- Buyer: Abraham Sanieoff
- Seller: Burback Family Trust
- Brokers: Peter Von Der Ahe, Joe Koicim, Noah Kossoff
- Date: 05/07/2019
- Address: 106 West 13th Street
The transaction at 106 West 13th Street showcased a successful deal orchestrated by the key individuals involved. Abraham Sanieoff emerged as the discerning buyer in this multifamily property exchange, while the Burback Family Trust acted as the willing seller. Driving this significant transaction were the experienced brokers, namely Peter Von Der Ahe, Joe Koicim, and Noah Kossoff, who navigated the negotiation process to achieve a mutually beneficial agreement.
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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93