Hildreth Real Estate Advisors Acquires Mixed-Use Property In Greenwich Village For $5M
113 West 13th Street, New York City, New York 10011, United States
$5,000,000
$2,136/SF
Building Size
2,340 SF
Asset Type
MultiFamily
Closing
Dec 24, 2021
AI
The mixed-use property located at 113 W. 13th St. in Greenwich Village has been sold. The property spans 4,760 square feet and was sold for a total price of $5,000,000, which equates to approximately $1,050 per square foot.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $5,000,000
- Square Footage: 4,760
- Address: 113 W. 13th St.
- Market: Greenwich Village
The buyer of the property is Hildreth Real Estate Advisors, represented by David Shorenstein, Jason Breitstone, and Max Padway. The seller of the property is Julio Diaz and Luis Marques. The deal was facilitated by brokers Adam Lobel, Zachary Ziskin, Justin Zeitchik, Ed Nelson, and Eli Zempsky from Bestreich Realty Group.
This transaction marks the completion of Hildreth Real Estate Advisors' successful year, as it concludes with 23 new acquisitions. For potential acquisition opportunities, interested parties can reach out to Hildreth Real Estate Advisors via direct message on Instagram or by sending an email to [email protected].
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93