Updated Oct 29, 2024
Prospect Acquisitions Acquires Multifamily Buildings In West Village For $5.22M
118 Charles St New York, NY 10014, USA
$5,220,000
$788/SF
Building Size
6,624 SF
Asset Type
MultiFamily
Closing
Jun 8, 2023
About this deal
AI
118-120 Charles Street located in the prime West Village in Manhattan has been sold in a multifamily transaction for a total price of $5,220,000. The property spans across 6,624 square feet, translating to a price per square foot (PPSF) of $788. Consisting of 6 units, this free market building deal has been successfully closed.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,220,000
- Address: 118-120 Charles Street
- Market: West Village
- SF: 6,624
- PPSF: $788
- Units: 6
Prospect Acquisitions, who purchased 118-120 Charles Street, expressed their interest in buying similar properties in Manhattan, North Brooklyn, and Astoria. For any potential deals, they can be reached at [email protected]. The sale was facilitated by Frances Panasci, the seller's representative in this transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.04%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93