Updated Dec 21, 2023
Janet Ramos Acquires Multi Family Property In West Village, Manhattan For $8.2M
526 Hudson Street, New York City, New York 10014, United States
$8,200,000
$1,651/SF
Building Size
4,965 SF
Asset Type
MultiFamily
Closing
Nov 22, 2021
About this deal
AI
The multi-family property located at 526 Hudson Street in the West Village, Manhattan has been sold. The property, with a total square footage of 4,965, was purchased for a price of $8,200,000. This translates to a price per square foot of $1,652. The building has a buildable square footage (BSF) of 6,605, resulting in a price per buildable square foot (PPBSF) of $1,241. The property sits on a lot size of 1,920 square feet with dimensions of 24.17 ft x 80.83 ft. The property is zoned as C1-6 and falls under tax class 2B. The previous sale of the property took place on April 25, 2016, for a price of $0.
Summary of transation details
- Property Type: Multi Family
- Transaction Amount: $8,200,000
- Market: West Village, Manhattan
- Buyer: Janet Ramos
- Seller: Daniel Mason Bendewald
- Buildable Square Footage (BSF): 6,605
- Price per Buildable Square Foot (PPBSF): $1,241
- Square Footage (SF): 4,965
- Price per Square Foot (PPSF): $1,652
- Floor Area Ratio (FAR): 2.59
- Lot Size: 1,920 square feet
- Last Sale Price: $0 (4/25/2016)
- Lot Dimension: 24.17 ft x 80.83 ft
Janet Ramos was the buyer in this transaction, while Daniel Mason Bendewald was the seller. The sale of the property represents a significant investment opportunity in the desirable West Village, with its prime location and potential for future development.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93