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242 W 10th St, New York, NY...

Carmine Limited Purchases 242 W 10th St New York From J&I Management For $19M
SOLDMultiFamily

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

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.

Players

Joseph Soufeh

Venture Capital Properties

Broker

$77.1M

vol

3 deals

Broker
CL
Carmine LimitedBuyer

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