Kevin Garry Acquires MultiFamily Asset On West 10th Street For $8.05M
228 West 10th Street
$8,050,000
$1,199/SF
Building Size
6,714 SF
Asset Type
MultiFamily
Closing
May 24, 2024
AI
The property at 228 West 10th Street in the West Village, Manhattan, is a MultiFamily asset that was recently sold for $8,050,000. The transaction involved a total of 7 units with a price per unit of $1,150,000. The property spans 6,714 square feet, resulting in a price per square foot of $1,199.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,050,000
- Units: 7
- Price Per Unit: $1,150,000
- Square Footage: 6,714
- Price Per Square Foot: $1,199
- Address: 228 West 10th Street, West Village, Manhattan
Kevin Garry was the buyer in this property transaction, while Robert C Susser acted as the seller. The deal was facilitated by Peter Dodge and Joseph Koicim from Marcus & Millichap, who represented the parties involved in the sale.
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
1.97%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93