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232 W 10 St, New York City,...

Jean Chou Acquires Multi-Family Property In West Village For $4.65M
SOLDMultiFamily

Jean Chou Acquires Multi-Family Property In West Village For $4.65M

232 W 10 St, New York City, New York 10014, United States

$4,650,000

$1,732/SF

Building Size

2,684 SF

Asset Type

MultiFamily

Closing

Nov 14, 2021

AI

A multi-family property located at 232 West 10 Street in the West Village, Manhattan was recently sold. The property is zoned as R6 and has a lot size of 943. The last sale of this property took place on August 25, 2017, for a price of $3,950,000. The lot dimensions are 17.58 ft x 59.17 ft. The new sale took place on November 15, 2021, for a price of $4,650,000.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $4,650,000
  • Building Square Footage: 2,291
  • Price per Building Square Foot: $2,030
  • Lot Square Footage: 2,684
  • Price per Square Foot: $1,732
  • FAR (Floor-Area Ratio): 2.85
  • Tax Class: 1

The buyer of the property is Jean Chou, while the seller is Ryan O Miller.

Players

Ryan O Miller

Cayuga Capital Management

Seller

$16.2M

vol

3 deals

Seller

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

3.41%

Cash-on-Cash

-0.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93