Updated Oct 29, 2024
Carmine Limited Purchases 242 W 10th St New York From J&I Management For $19M
242 W 10th St, New York, NY, 10014
$19,000,000
$885/SF
Building Size
21,450 SF
Asset Type
MultiFamily
Closing
Oct 9, 2018
About this deal
AI
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.
On the Map
$19,000,000
$885/SF
MultiFamily
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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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93