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526 Hudson Street, New York...

Updated Dec 21, 2023

Janet Ramos Acquires Multi Family Property In West Village, Manhattan For $8.2M
SOLDMultiFamily

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

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.7K per square foot on a published $8.2M for 4,965 square feet (2021).

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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

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