Updated Dec 21, 2023
Gary Strauss Acquires Multifamily Property On 240 Sullivan St. In West Village For $17M
240 Sullivan Street, New York City, New York 10012, United States
$17,000,000
$1,160/SF
Building Size
14,654 SF
Asset Type
MultiFamily
Closing
Jun 20, 2022
About this deal
AI
The multifamily property located at 240 Sullivan St. in the West Village has been sold for $17,000,000. The transaction took place on June 21, 2022. The property consists of 23 units, with a price per unit of $739,130. It has a total size of 14,654 square feet, resulting in a price per square foot of $1,160.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,000,000
- Address: 240 Sullivan St.
- Market: West Village
- Units: 23
- Price per Unit: $739,130
- Square Footage: 14,654
- Price per Square Foot: $1,160
The buyer of the property is Gary Strauss, while the seller is Francis Greenberger.
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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93