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50 West 13th Street, Manhat...

Andrew Aryeh's Lioncub Development Acquires Multifamily Property At 50 West 13th Street In Greenwich Village For $3.5M
SOLDMultiFamily

Andrew Aryeh's Lioncub Development Acquires Multifamily Property At 50 West 13th Street In Greenwich Village For $3.5M

50 West 13th Street, Manhattan, New York, NY 10011, USA

$3,500,000

$576/SF

Building Size

6,076 SF

Asset Type

MultiFamily

Closing

Oct 17, 2021

AI

Located in Greenwich Village, the multifamily property at 50 West 13th Street has been sold for a price of $3,500,000. The property spans an area of 6,076 square feet, resulting in a price per square foot of $576. The sale was facilitated by Astrid Pillay of Brown Harris Stevens, representing the buyer, Andrew Aryeh of Lioncub Development.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,500,000
  • Address: 50 West 13th Street
  • Market: Greenwich Village
  • Buyer: @LioncubDevelopment - Andrew Aryeh
  • Broker: Astrid Pillay - Brown Harris Stevens
  • Size: 6,076 square feet
  • Price per Square Foot: $576

This transaction was a result of the collaboration between Andrew Aryeh of Lioncub Development and Astrid Pillay of Brown Harris Stevens. With an impressive price per square foot of $576, this sale further reflects the demand and value of properties in Greenwich Village.

Players

Astrid Pillay

Brown Harris Stevens

Broker

$3.5M

vol

1 deal

Broker
Andrew Aryeh

Andrew Aryeh

Lioncub Development

Buyer

$59.3M

vol

10 deals

Buyer

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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93