Carmine Limited Purchases 242 W 10th St New York From J&I Management For $19M
SOLD
$19,000,000
New York
See Similar DealsMultiFamily21,450 SF
Sold 10/09/2018
SOLD
Carmine Limited Purchases 242 W 10th St New York From J&I Management For $19M
242 W 10th St, New York, NY, 10014
See Similar DealsMultiFamily21,450 SF
Sold 10/09/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$885
Total Square Footage:21,450 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 242 W 10th St, New York, NY, 10014. The transaction was completed for a price of $19,000,000.00, with a total square footage of 21,450. The market for this property is New York.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $19,000,000.00
- Buyer: Carmine Limited
- Seller: J&I Management
- Buyer's Representative: Joseph Soufeh - Venture Capital Properties
- Broker: Itanel (Itan) Rahmani - Venture Capital Properties
The deal features notable individuals such as Joseph Soufeh, who represented the buyer, and Itanel (Itan) Rahmani, who acted as the broker for the transaction. Their involvement highlights the professional collaboration within Venture Capital Properties during the negotiation and closing of this deal.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,013,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,069.69
Annual Debt Service$1,080,836.32
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