Sabet Group Purchases Multifamily Asset In Greenwich Village For $13,950,000 With Brokers Aaron Jungreis Ben Khakshoor & Alex Fuchs
116 Macdougal Street & 118 Macdougal Street
$13,950,000
$707/SF
Building Size
19,730 SF
Asset Type
MultiFamily
Closing
Jul 29, 2026
AI
The transaction involves a multi-family asset located at 116 Macdougal Street and 118 Macdougal Street in the Greenwich Village market. It features 38 units with a total area of 19,730 square feet. The sale price for the property was $13,950,000, resulting in a price per unit of $367,105 and a price per square foot of $707.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $13,950,000
- Units: 38
- Square Feet: 19,730
- Price Per Unit: $367,105
- Price Per Square Foot: $707
- Buyer: Sabet Group
- Seller: Barberry Rose Management
- Brokers: Aaron Jungreis, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group
The deal was facilitated by brokers Aaron Jungreis, Ben Khakshoor, and Alex Fuchs, representing Rosewood Realty Group. Their involvement highlights the collaboration among these individuals in executing the transaction for both the buyer and seller.
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
1.14%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93