SOLD
Michael Chang Sells Multifamily Property In West Village For $5M With Brokers Lev Mavashev & Shai Egison
78-80 Chistopher Street
MultiFamily
12,740 SF
12,740 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
12,740 sqft
A multifamily property located at 78-80 Chistopher St. in the West Village was recently sold for $5,000,000. The property spans 12,740 square feet, resulting in a price per square foot of $392. The sale took place on March 26, 2021, and the asset had an asking price of $9,000,000. The property's Gross Rent Multiplier (GRM) is 11x, and the capitalization rate (CAP) is 4.4%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Seller: Michael Chang
- Brokers: Lev Mavashev & Shai Egison - Alpha Realty NY
Lev Mavashev and Shai Egison from Alpha Realty NY represented the seller, Michael Chang, in this transaction.
Players
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3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Lev Mavashev & Shai Egison
DATE: 03/26/2021
ADDRESS: 78-80 Chistopher St.
MARKET: West Village
ASSET TYPE: Multifamily
SELLER: Michael Chang
BROKERS: @Lev_Mavashev & Shai Egison (@SEgison) @Alpha_Realty_NY
ASKING PRICE: $9,000,000
SALE PRICE: $5,000,000
SF: 12,740 ~ PPSF: $392
GRM: 11x ~ CAP: 4.4%View on map
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Address78-80 Chistopher Street
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