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15 E 11th St, New York, NY ...

Updated Dec 21, 2023

Cushman & Wakefield Represents Buyer In $104M Multifamily Acquisition At 15 East 11th Street, Greenwich Village
SOLDMultiFamily

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

Peter Von Der Ahe

Marcus & Millichap

Broker

$1.4B

vol

110 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $183 per square foot on a published $104M for 566,270 square feet (2020).

Visit Joe Koicim to view all their deals.

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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

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