Updated Oct 28, 2024
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
About this deal
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
Loading comparables…
Deal FAQ
Visit Andrew Aryeh to view all their deals.
Browse New York multifamily sales on Traded.
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