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81 Charles Street, New York...

Updated Dec 21, 2023

Andrea Riina Acquires Multi-Family Property On Charles Street In West Village For $10.1M
SOLDMultiFamily

Andrea Riina Acquires Multi-Family Property On Charles Street In West Village For $10.1M

81 Charles Street, New York City, New York 10014, United States

$10,150,000

$2,512/SF

Building Size

4,040 SF

Asset Type

MultiFamily

Closing

Dec 15, 2021

About this deal

AI

An eight-unit multi-family property located at 81 Charles Street in the West Village neighborhood of Manhattan has been sold for a total price of $10,150,000. The property spans a total square footage of 4,040 and has a price per square foot of $2,512. The building has a buildable square footage of 6,553, with a price per buildable square foot of $1,549. The property sits on a lot measuring 1,905 square feet, with dimensions of 20 ft x 95.25 ft.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $10,150,000
  • Market: West Village, Manhattan
  • Zoning: C1-6, R6
  • Tax Class: 2B
  • Last Sale Price: $6,019,300 (12/14/2021)
  • FAR: 2.12

The buyer in this transaction is Andrea Riina, while Samantha Sheeber is the seller. The previous sale of the property occurred on 12/14/2021 for a price of $6,019,300.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $2.5K per square foot on a published $10.2M for 4,040 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.56%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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