Updated Oct 29, 2024
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
About this deal
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.
On the Map
MultiFamily
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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