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240 Sullivan Street, New Yo...

Updated Dec 21, 2023

Gary Strauss Acquires Multifamily Property On 240 Sullivan St. In West Village For $17M
SOLDMultiFamily

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

Gary Strauss

Buyer

$100M

vol

3 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $17M for 14,654 square feet (2022).

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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

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