Charles Milite Acquires West Village Multifamily From Michele Gaton For $4.08M
SOLD
$4,083,000
New York
See Similar DealsMultiFamily3,344 SF
Sold 04/24/2020
SOLD
Charles Milite Acquires West Village Multifamily From Michele Gaton For $4.08M
214 W 11th St, New York, NY 10014, USA
See Similar DealsMultiFamily3,344 SF
Sold 04/24/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,221
Total Square Footage:3,344 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$217,759.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,506.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,355.50
Annual Debt Service$232,266.04
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