Updated Oct 28, 2024
Westover Companies Acquires Multifamily Property In East Village For $56.75M
138 East 12th Street, New York City, New York 10003, United States
$56,750,000
$837/SF
Building Size
67,741 SF
Asset Type
MultiFamily
Closing
Oct 28, 2022
About this deal
AI
The multifamily property located at 138 E 12th Street in East Village has been sold for a price of $56,750,000. The transaction took place on 10/28/2022. The property consists of 85 units, with an average price per unit of $667,647. The total square footage of the property is 67,741, with a price per square foot of $838.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $56,750,000
- Units: 85
- Price per Unit: $667,647
- Total Square Footage: 67,741
- Price per Square Foot: $838
- Date: 10/28/2022
- Address: 138 E 12th Street
- Market: East Village
The sale was facilitated by JLL, with Steven Rutman, Rob Hinckley, Jeff Julien, and John Taylor representing the buyer, Westover Companies, and the seller, Wafra.
On the Map
$56,750,000
$837/SF
MultiFamily
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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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93