Maurice Regan Of J.T. Magen & Company Purchases Multifamily Property At 80 Horatio Street For $10.25M
80 Horatio Street
$10,250,000
$1,671/SF
Building Size
6,133 SF
Asset Type
MultiFamily
Closing
Oct 8, 2025
AI
The property asset involved in the transaction is a multi-family building located at 80 Horatio Street in the West Village neighborhood of Manhattan. The sale price for this eight-unit walkup was $10,250,000. The building spans 6,133 square feet, with a price per square foot of $1,671.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $10,250,000
- Address: 80 Horatio Street
- Market: West Village, Manhattan
- Square Footage: 6,133
- Price Per Square Foot: $1,671
- Buyer: Maurice Regan - J.T. Magen & Company
This transaction was facilitated by J.T. Magen and Company, acting through Jane St Garden LLC. The acquisition reflects the company's strategic involvement in the multi-family sector within Manhattan's competitive real estate market.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93