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32 Perry Street, New York C...

Laurie Stark Acquires Multi Family Property On Perry Street In West Village For $14.5M
SOLDMultiFamily

Laurie Stark Acquires Multi Family Property On Perry Street In West Village For $14.5M

32 Perry Street, New York City, New York 10014, United States

$14,500,000

$3,489/SF

Building Size

4,155 SF

Asset Type

MultiFamily

Closing

Nov 30, 2021

AI

Located in the West Village, Manhattan, the multi-family property at 32 Perry Street has been sold in a recent transaction. The property, zoned as R6 and C2-6, offers a total building square footage (BSF) of 4,809. The price for this property was set at $14,500,000, resulting in a price per BSF (PPBSF) of $3,015. The total square footage (SF) of the property is 4,155, with a price per square foot (PPSF) of $3,490. The property boasts an FAR (Floor Area Ratio) of 2.10 and falls under tax class 1.

Summary of transaction details:

  • Property Type: Multi Family
  • Transaction Amount: $14,500,000
  • Address: 32 Perry Street, West Village, Manhattan
  • Zoning: R6, C2-6
  • BSF: 4,809
  • PPBSF: $3,015
  • SF: 4,155
  • PPSF: $3,490
  • FAR: 2.10
  • Tax Class: 1

The buyer of the property is Laurie Stark, while the seller is Robert S Frankel. The lot size of the property is 1,979, with dimensions of 20.83 ft x 95 ft. The previous sale of the property occurred on October 1, 2007, for a price of $9,100,000.

Players

Laurie Stark

Chrome Hearts

Buyer

$67.5M

vol

4 deals

Buyer

Robert Frankel

Seller

$166M

vol

13 deals

Seller

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

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93