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

Property Image
SOLD
$21,750,000
Peter Von Der Ahe
Corey Isdaner
+ 2

New York

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MultiFamily22,998 SF
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily22,998 SF
Sold
Peter Von Der Ahe
Corey Isdaner
+ 2
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$945
Total Square Footage:22998 SF
Transaction Type:Sale

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

4 deals$46.6M volume
BROKER


Peter Von Der Ahe
Marcus & Millichap
110 deals$1.4B volume
BROKER

Joseph (Joe) Koicim
Marcus & Millichap
167 deals$2.6B volume(212) 430-5147
BROKER

CBRE
BROKERAGE

Details

SOLD
IMAGE: Peter Von Der Ahe, Joe Koicim, Noah Kossoff, Corey Isdaner DATE: 08/14/2019 ADDRESS: 162 West 13th Street MARKET: Greenwich Village ASSET TYPE: Multifamily SELLER: David Haselkorn BUYER: Albert & Philip Cohen BROKERS: Peter Von Der Ahe, Joe Koicim, Noah Kossoff, Corey Isdaner @NewYorkMultiFamily ? […] ASKING PRICE: $25,000,000 SALE PRICE: $21,750,000 SF: 22,998 PPSF: $945

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,159,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$77,273.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$103,106.10
Annual Debt Service$1,237,273.16