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133 West 13th Street

Updated Dec 4, 2024

Louis Bacon Acquires Multifamily Properties On West 13th Street For $17M
SOLDMultiFamily

Louis Bacon Acquires Multifamily Properties On West 13th Street For $17M

133 West 13th Street & 135 West 13th Street

$17,000,000

Units

13

Asset Type

MultiFamily

Closing

Oct 2, 2023

About this deal

AI

Louis Bacon, a hedge fund manager, has acquired two historic West Village townhouses located at 133 and 135 West 13th Street in Greenwich Village, Manhattan. The properties were purchased from landlord Kenneth Rosenblum for a total of $17 million.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $17,000,000
  • Address: 133-135 West 13th Street
  • Market: Greenwich Village, Manhattan
  • Buyer: Louis Bacon - Hedge
  • Seller: Kenneth Rosenblum
  • Units: 13
  • Price per Unit (PPU): $1,307,692

Louis Bacon's acquisition of the two townhouses demonstrates his interest in the historic properties of the West Village. The deal was finalized on 10/02/2023, and the transaction involved the purchase of a total of 13 units. The properties, with a price per unit of $1,307,692, offer significant potential for future development and investment opportunities in the area.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.3M per unit across 13 units on a published $17M (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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