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Sabet Group Acquires West Village Multifamily For $9.9M

Property Image
SOLD
$9,900,000

New York

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MultiFamily136,620 SF
Sold 01/16/2020
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Property Image
SOLD

Sabet Group Acquires West Village Multifamily For $9.9M

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

See Similar Deals
MultiFamily136,620 SF
Sold 01/16/2020
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$72
Total Square Footage:136,620 SF
Transaction Type:Sale

A multifamily property located at 220 West 13th Street in the West Village has been sold for $9,900,000. The property spans 13,662 square feet and has a price per square foot of $724. It consists of 22 units, resulting in a price per unit of $450.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,900,000
  • Square Footage: 13,662
  • Price per Square Foot: $724
  • Number of Units: 22
  • Price per Unit: $450

The buyer, Alfred Sabet, represented by the Sabet Group, acquired the property from T. Bonnet LLC, with Thierry Bonnet as the seller. The transaction was facilitated by Roberto Ortiz.

Players

3 deals$28M volume
BROKER


2 deals$16.5M volume
SELLER

Details

SOLD
IMAGE: 01/16/2020 ADDRESS: 220 West 13th Street MARKET: West Village ASSET TYPE: Multifamily PRICE: $9,900,000 SF: 13,662 PPSF: $724 UNITS: 22 PPU: $450 BUYER: Sabet Group – Alfred Sabet SELLER: T. Bonnet LLC – Thierry Bonnet BROKER: Roberto Ortiz

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,172.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,931.05
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