Updated Dec 21, 2023
Cushman & Wakefield Represents Buyer In $104M Multifamily Acquisition At 15 East 11th Street, Greenwich Village
15 E 11th St, New York, NY 10003, USA
$104,000,000
$183/SF
Building Size
566,270 SF
Asset Type
MultiFamily
Closing
Feb 5, 2020
About this deal
AI
The multifamily property located at 15 East 11th Street in Greenwich Village has been sold for a total price of $104,000,000. The property spans across 56,627 square feet, resulting in a price per square foot of $1,836. With a total of 96 units (equivalent to 176 beds), the price per unit stands at $1,083,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $104,000,000
- Square Footage: 56,627
- Price Per Square Foot: $1,836
- Number of Units: 96
- Number of Beds: 176
- Price Per Unit: $1,083,333
- Address: 15 East 11th Street, Greenwich Village
The sellers of the property are Todd Rosenberg of Pebb Capital and Chris DeAngelis of Triarch Management. The buyer was represented by CushWake, while the seller was represented by Peter Von Der Ahe and Joey Koicim.
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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93