Updated Dec 21, 2023
The Matera Family Sells Multifamily Property In Greenwich Village For $6M
54 West 10th Street, New York City, New York 10011, United States
$6,000,000
$1,090/SF
Building Size
5,500 SF
Asset Type
MultiFamily
Closing
Dec 29, 2021
About this deal
AI
Located in Greenwich Village, the multifamily property at 54 West 10th Street was recently sold in a transaction completed on December 29, 2021. The property, owned by The Matera Family, was listed for sale by brokers Zachary Ziskin, Adam Lobel, and Justin Zeitchik from BRG. The sale price for this property was $6,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Address: 54 West 10th Street
- Market: Greenwich Village
This sale involved a multifamily property comprising of 10 units, with a price per unit (PPU) of $600,000. The property spans an area of 5,500 square feet, resulting in a price per square foot (PPSF) of $1,090.
Zachary Ziskin, Adam Lobel, and Justin Zeitchik of BRG represented the seller, The Matera Family, in this transaction.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93