Sabet Group Acquires West Village Multifamily For $9.9M
SOLD
New York
See Similar DealsMultiFamily136,620 SF
Sold 01/16/2020
SOLD
Sabet Group Acquires West Village Multifamily For $9.9M
220 W 13th St, New York, NY 10011, USA
See Similar DealsMultiFamily136,620 SF
Sold 01/16/2020
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$528,000.00
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
Annual Debt Service$563,172.61
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