Updated Oct 29, 2024
Sabet Group Acquires West Village Multifamily For $9.9M
220 W 13th St, New York, NY 10011, USA
$9,900,000
$72/SF
Building Size
136,620 SF
Asset Type
MultiFamily
Closing
Jan 15, 2020
About this deal
AI
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
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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93