Derby Copeland Capital Purchases Multifamily Portfolio In Greenwich Village For $60.25M
82 West Washington Place, 188 6th Avenue, 192 6th Avenue , 236 West 15th Street & 253-255 West 15th Street
$60,250,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 3, 2024
AI
The multifamily property located at 82 Washington Place, 188-192 6th Avenue, 236 West 15th Street & 253-255 West 15th Street in Greenwich Village, Manhattan was sold for a total of $60,250,000. The deal was facilitated by brokers David Shalom, James Nelson, Brandon Polakoff, Ryan McGuirl, and Alexandra Marolda from Avison Young.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $60,250,000
- Address: 82 Washington Place, 188-192 6th Avenue, 236 West 15th Street & 253-255 West 15th Street
- Market: Greenwich Village, Manhattan
Derby Copeland Capital successfully acquired the multifamily property with the expertise of the broker team consisting of David Shalom, James Nelson, Brandon Polakoff, Ryan McGuirl, and Alexandra Marolda from Avison Young. This transaction highlights the strategic collaboration between the buyer and the brokers, showcasing a significant investment in the Greenwich Village real estate market.
Players
Market 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
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93