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
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