Multifamily Property At 473 6th Avenue Sells For $5.275M In Greenwich Village
SOLD
New York
See Similar DealsMultiFamily1,352 SF
Sold 08/01/2024
SOLD
Multifamily Property At 473 6th Avenue Sells For $5.275M In Greenwich Village
473 6th Avenue
See Similar DealsMultiFamily1,352 SF
Sold 08/01/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$3,901
Total Square Footage:1,352 SF
Transaction Type:Sale
This multifamily property located at 473 6th Avenue in Greenwich Village, Manhattan was sold for $5,275,000. The total square footage of the property is 3,901, resulting in a price per square foot of $1,352.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,275,000
- Square Footage: 3,901
- Price per Square Foot: $1,352
- Address: 473 6th Avenue
- Market: Greenwich Village, Manhattan
The deal was facilitated by brokers David Shalom and Ryan McGuirl from Avison Young, along with Nicholas Judson, Crosby Matthews, and Stephen Gueye from Judson CRE, who represented the involved parties throughout the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$281,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,740.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,006.19
Annual Debt Service$300,074.29
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