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17 West 9th Street, New Yor...

Updated Jan 30, 2024

Anthony Cusano Acquires Multifamily Property In Greenwich Village For $11.5M
SOLDMultiFamily

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

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.3K per square foot on a published $11.5M for 8,651 square feet (2022).

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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

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