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82 W 12th St #84, New York,...

EXAN Capital Acquires Multi-Family Property In Manhattan For $32.5M
SOLDMultiFamily

EXAN Capital Acquires Multi-Family Property In Manhattan For $32.5M

82 W 12th St #84, New York, NY 10011, USA

Building Size

20,634 SF

Asset Type

MultiFamily

Closing

Dec 21, 2017

AI

The multi-family property located at 82-84 West 12th Street in Manhattan, New York, has been sold for a price of $32,500,000. The transaction involved Benchmark, represented by Jordan Vogel and Aaron Feldman, as the seller, and EXAN Capital as the buyer. The property was listed by Amit Doshi at Shellini Mehra at Besengroup.

Summary of transaction details

  • Property Type: Multi-family
  • Transaction Amount: $32,500,000
  • Seller: Benchmark – Jordan Vogel and Aaron Feldman
  • Buyer: EXAN Capital
  • Broker: Amit Doshi @ Shellini Mehra @Besengroup

Benchmark had previously purchased the property in 2015 for $22.8 million.

Players

Shallini Mehra

Meridian Capital Group

Broker

$1.1B

vol

78 deals

Broker
EC
Exan CapitalBuyer
Jordan Vogel

Jordan Vogel

Seller

$262.1M

vol

11 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93