Updated Nov 15, 2023
Ilya Tomasov Acquires Multifamily Property In West Village, Manhattan For $5.2M
120 Charles Street New York, New York 10014, Usa
$5,200,000
$785/SF
Building Size
6,624 SF
Asset Type
MultiFamily
Closing
Jun 8, 2023
About this deal
AI
Frances Panasci has sold a six-unit residential walkup building located at 120 Charles Street in West Village, Manhattan, to Ilya Tomasov through their entity 120 Charles LLC for $5.2 million. The property is a multifamily asset with a total of 6,624 square feet. Each unit is priced at $870,000, and the price per square foot is $788.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,220,000
- Address: 120 Charles Street, West Village, Manhattan
- Buyer: Ilya Tomasov
- Seller: Frances Panasci
- Units: 6
- Price per Unit: $870,000
- Square Feet: 6,624
- Price per Square Foot: $788
Frances Panasci sold the residential walkup building to Ilya Tomasov through their entity 120 Charles LLC. The transaction represents a significant opportunity in the West Village market and demonstrates the continued demand for multifamily properties in Manhattan.
Players
Saint John 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93