Charles Milite Acquires West Village Multifamily From Michele Gaton For $4.08M
214 W 11th St, New York, NY 10014, USA
$4,083,000
$1,221/SF
Building Size
3,344 SF
Asset Type
MultiFamily
Closing
Apr 23, 2020
AI
The multifamily property located at 214 West 11th Street in the West Village has been sold in a closed transaction. The property consists of 2 units with a total square footage of 3,344. The transaction price for this property was $4,083,000, resulting in a price per square foot of $1,220.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,083,000
- Address: 214 West 11th Street
- Market: West Village
Charles Milite acted as the buyer in this transaction, while Michele Gaton represented the seller. The price per unit for this property was $2,041,500.
Players
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
3.89%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93