Daniel Arnel Of Prospect Acquisitions Purchases Multifamily Building From The Lyman Family For $6.7M

The property asset involved in this transaction is situated at 77 Barrow Street in the West Village. It is a multifamily building consisting of 20 units and encompasses a total square footage of 9,825. The transaction amount for this property was $6,700,000, resulting in a price per unit of $335,000 and a price per square foot of $681.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,700,000
• Units: 20
• Price per Unit: $335,000
• Square Footage: 9,825
• Price per Square Foot: $681
• Buyer: Daniel Arnel - Prospect Acquisitions
• Seller: The Lyman Family
• Brokers: Joe Koicim & Peter Dodge - Marcus & Millichap

The transaction featured Daniel Arnel representing Prospect Acquisitions as the buyer, while The Lyman Family acted as the seller. The brokers facilitating this deal were Joe Koicim and Peter Dodge from Marcus & Millichap. The buyer expressed a notable interest in the property, emphasizing 77 Barrow as a largely free market building located in the prime area of West Village. Prospect Acquisitions is seeking additional opportunities to acquire similar multifamily and mixed-use buildings in Manhattan, North Brooklyn, and Astoria.