Updated Dec 4, 2024
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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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