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772 Greenwich Street, New Y...

Updated Dec 21, 2023

Richard Cohen Acquires $80.4M West Village Apartment From Robert Ross
SOLDMultiFamily

Richard Cohen Acquires $80.4M West Village Apartment From Robert Ross

772 Greenwich Street, New York City, New York 10014, United States

$80,434,000

$1,142/SF

Building Size

70,394 SF

Asset Type

MultiFamily

Closing

Aug 16, 2022

About this deal

AI

A residential apartment located at 772 Greenwich Street in the West Village neighborhood of Manhattan has been sold. The transaction took place on August 17, 2022, with Richard Cohen as the buyer and Robert Ross as the seller. The apartment is classified as R6 zoning and falls under the tax class 2 category. The property has a floor area ratio (FAR) of 4.88 and sits on a 14,425 square foot lot. The last recorded sale of the property was on January 16, 2018, for a price of $15,500,000. An alteration permit was issued for the property on September 23, 2020.

Summary of transaction details:

  • Property Type: Apartment
  • Transaction Amount: $80,434,000
  • Address: 772 Greenwich Street, West Village, Manhattan
  • Market: West Village, Manhattan
  • BUYER: Richard Cohen
  • SELLER: Robert Ross

Richard Cohen, represented by his broker, completed the purchase of the apartment. The transaction price for the property was $80,434,000, resulting in a price per square foot (PPSF) of $1,142. The building has a total floor area of 35,053 square feet, equating to a price per buildable square foot (PPBSF) of $2,294. The apartment itself spans 70,394 square feet. The lot dimensions measure 148.42 feet by 105.58 feet.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $80.4M for 70,394 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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