Updated Jan 30, 2024
Anthony Cusano Acquires Multifamily Property In Greenwich Village For $11.5M
17 West 9th Street, New York City, New York 10011, United States
$11,500,000
$1,329/SF
Building Size
8,651 SF
Asset Type
MultiFamily
Closing
Oct 2, 2022
About this deal
AI
A multifamily property located at 17 West 9th Street in Greenwich Village, Manhattan has been sold for a price of $11,500,000. The property has a building square footage (BSF) of 5,229, resulting in a price per BSF of $2,199. The total square footage (SF) of the property is 8,651, with a price per SF of $1,329. The property has a floor area ratio (FAR) of 4.02 and falls under tax class 2B. The lot size is 2,152 square feet, with dimensions of 26.17 ft x 82.25 ft. An alteration permit was issued on January 17, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,500,000
- Address: 17 West 9th Street
- Market: Greenwich Village, Manhattan
- Zoning: R6
- Buyer: Anthony Cusano
- Seller: Nicholas Jolfe
- Building SF: 5,229
- Price per BSF: $2,199
- Total SF: 8,651
- Price per SF: $1,329
- FAR: 4.02
- Tax Class: 2B
- Lot Size: 2,152 square feet
- Permits: Alteration 2 (01/17/2020)
- Lot Dimensions: 26.17 ft x 82.25 ft
The buyer in this transaction is Anthony Cusano, while the seller is Nicholas Jolfe. No additional information is available about the deal's key individuals and companies involved.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93