Updated Dec 22, 2023
Jacob Frumkin Acquires Multifamily Property For $4.85M In West Village, Manhattan
247 West 13th Street, New York City, New York 10011, United States
$12,000,000
$2,312/SF
Building Size
5,189 SF
Asset Type
MultiFamily
Closing
Mar 15, 2022
About this deal
AI
A multifamily property located at 32 Jane Street in the West Village neighborhood of Manhattan has recently been sold. The transaction took place on 12/02/2022, with a sale price of $4,850,000. The property consists of 5 units, resulting in a per unit price of $970,000. The total square footage of the property is 3,420, leading to a price per square foot of $1,418.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,850,000
- Address: 32 Jane Street
- Market: West Village, Manhattan
- Units: 5
- Price per Unit: $970,000
- Square Footage: 3,420
- Price per Square Foot: $1,418
The buyer of the property is Jacob Frumkin, while the seller is Robert Schermer. No additional information is available regarding the deal participants or their affiliations.
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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93