Prospect Acquisitions Acquires Multifamily Buildings In West Village For $5.22M
SOLD
$5,220,000
New York
See Similar DealsMultiFamily6,624 SF
Sold 06/08/2023
SOLD
Prospect Acquisitions Acquires Multifamily Buildings In West Village For $5.22M
118 Charles St New York, NY 10014, USA
See Similar DealsMultiFamily6,624 SF
Sold 06/08/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$788
Total Square Footage:6,624 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$278,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,545.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,745.46
Annual Debt Service$296,945.56
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