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162 W 13th St, New York, NY...

Albert & Philip Cohen Acquire Multifamily Asset In Greenwich Village For $21.75M
SOLDMultiFamily

Albert & Philip Cohen Acquire Multifamily Asset In Greenwich Village For $21.75M

162 W 13th St, New York, NY 10011, USA

$21,750,000

$945/SF

Building Size

22,998 SF

Asset Type

MultiFamily

Closing

Aug 13, 2019

AI

The multifamily property located at 162 West 13th Street in Greenwich Village has been sold in a closed transaction. The property spans 22,998 square feet and has been sold for a sale price of $21,750,000, which amounts to a price per square foot of $945. The property was listed with an asking price of $25,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $21,750,000
  • Address: 162 West 13th Street
  • Market: Greenwich Village

The seller of the property was David Haselkorn, while the buyers were Albert & Philip Cohen. The transaction was facilitated by brokers Peter Von Der Ahe, Joe Koicim, Noah Kossoff, and Corey Isdaner from New York Multi-Family.

Players

Corey Isdaner

Broker

$46.6M

vol

4 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker
CBRE
CBREBrokerage

Albert Cohen

Buyer

$26.4M

vol

2 deals

Buyer

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

0.73%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93