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199 W 10th St, New York, NY...

Thomas Nathan Bailey Acquires Multifamily Property On Perry Street For $9.9M
SOLDMultiFamily

Thomas Nathan Bailey Acquires Multifamily Property On Perry Street For $9.9M

199 W 10th St, New York, NY 10014, USA

$17,500,000

$917/SF

Building Size

19,068 SF

Asset Type

MultiFamily

Closing

Sep 29, 2017

AI

A multifamily property located at 73 Perry Street in the West Village has been sold for $9,900,000. The property has a building square footage (BSF) of 4,447 and a price per BSF (PPBSF) of $2,226. The total square footage (SF) of the property is 4,429, with a price per square foot (PPSF) of $2,235. The property has a floor area ratio (FAR) of 2.42 and is classified as tax class 2A. The lot size is 1,830 square feet with dimensions of 19.5 ft x 95 ft. The property has a permit for alteration 2, issued on August 30, 2010.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $9,900,000
  • Market: West Village
  • Zoning: R6
  • Buyer: Thomas Nathan Bailey
  • Seller: Vivien Wolsk
  • Broker: Lise Lebeuf & Debra Kameros - Compass

The sale of the property was facilitated by brokers Lise Lebeuf and Debra Kameros from Compass. They represented the buyer, Thomas Nathan Bailey, in this transaction. The property's zoning is R6, allowing for multifamily use. The lot dimensions are 19.5 ft x 95 ft, providing a total lot size of 1,830 square feet. The property has a permit for alteration 2, issued on August 30, 2010.

Players

Peter Von Der Ahe

Marcus & Millichap

Broker

$1.4B

vol

110 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

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

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93