Snir David & Moshe Levy Acquire Multifamily Property On West 12th Street For $8.4M
SOLD
$8,425,000
New York
See Similar DealsMultiFamily5,845 SF
Sold 06/29/2022
SOLD
Snir David & Moshe Levy Acquire Multifamily Property On West 12th Street For $8.4M
34 West 12th Street, New York City, New York 10011, United States
See Similar DealsMultiFamily5,845 SF
Sold 06/29/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,441
Total Square Footage:5,845 SF
Transaction Type:Sale
The multifamily property located at 34 West 12th Street in Greenwich Village has been sold. The transaction took place on June 29, 2022. The property consists of 5 units with a total area of 5,845 square feet. The sale price for this property was $8,425,000, resulting in a price per unit of $1,685,000. The price per square foot is $1,441.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,425,000
- Address: 34 West 12th Street
- Market: Greenwich Village
- Units: 5
- Price per Unit: $1,685,000
- Total Area: 5,845 square feet
- Price per Square Foot: $1,441
The buyers of this property are Snir David and Moshe Levy. On the other hand, John P. Sipp Jr. is the seller. They completed the transaction for the multifamily property located at 34 West 12th Street in Greenwich Village.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$449,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,932.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,938.80
Annual Debt Service$479,265.58
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