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228 West 10th Street

Kevin Garry Acquires MultiFamily Asset On West 10th Street For $8.05M
SOLDMultiFamily

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

Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

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