Updated Dec 21, 2023
Perry Hanson Acquires Multifamily Property In Greenwich Village, Manhattan For $6.9M
116 West Washington Place, New York City, New York 10014, United States
$6,900,000
$2,203/SF
Building Size
3,131 SF
Asset Type
MultiFamily
Closing
May 5, 2022
About this deal
AI
A multifamily property located at 116 Washington Place in Greenwich Village, Manhattan has been sold. The property has a total square footage of 3,131 and is zoned as R6, C1-5. The transaction took place on 05/06/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,900,000
- Market: Greenwich Village, Manhattan
- Buyer: Perry Hanson
- Seller: Raymond M Albergotti
- Building Square Footage: 3,106
- Price per Building Square Foot: $2,221
- Property Square Footage: 3,131
- Price per Property Square Foot: $2,203
- FAR: 2.45
- Tax Class: 1
- Lot Size: 1,278
- Permits: Alteration 1 (06/19/1997)
- Lot Dimensions: 18 ft x 71 ft
Perry Hanson represented the buyer in this transaction, while Raymond M Albergotti represented the 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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93