Updated Dec 18, 2023
Nicholas J. Argyropoulos Acquires Multifamily Property In SoHo, Manhattan For $9M
239 Mulberry Street, New York City, New York 10012, United States
$9,613,000
$635/SF
Building Size
15,131 SF
Asset Type
MultiFamily
Closing
Apr 6, 2022
About this deal
AI
Located at 224 Lafayette Street in the vibrant SoHo neighborhood of Manhattan, a multifamily property recently changed hands in a closed transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,000,000
- Square Footage: 6,510
- Price per Square Foot: $1,382
- Market: SoHo, Manhattan
The buyer of the property is Nicholas J. Argyropoulos, while Raul Velazquez served as the seller. Representing the buyer in this transaction was Daniyel Cohen from Winick Realty.
The multifamily sale at 239 Mulberry Street, New York City, New York 10012, United States in New York, New York sold for $9.6M in 2022. The building is 15,131 square feet, implying about 635 per square foot on the published price. This page is the New York, New York file for the 239 Mulberry Street, New York City, New York 10012, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 239 Mulberry Street, New York City, New York 10012, United States around 2022. Published consideration for 239 Mulberry Street, New York City, New York 10012, United States is $9.6M, dated 2022. Cite this Nicholas J. Argyropoulos Acquires Multifamily Property In SoHo, Manhattan For $9M sale when underwriting similar multifamily product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93