Updated Dec 4, 2024
William Helm Purchases Multifamily Property At 83 Horatio Street From William Edelstein For $20.51M
83 Horatio Street
$20,512,000
$6,193/SF
Building Size
3,312 SF
Asset Type
MultiFamily
Closing
Nov 22, 2024
About this deal
AI
William Helm purchased a multifamily property located at 83 Horatio Street in the West Village for $20,512,000. The property spans 3,312 sq. ft., resulting in a price per square foot of approximately $6,193.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $20,512,000
- Address: 83 Horatio Street
- Market: West Village
- Square Footage: 3,312
- Price per Square Foot: $6,193
- Buyer: William Helm
- Seller: William Edelstein
William Helm's acquisition reflects a significant transaction between the buyer and seller, with William Edelstein facilitating the sale of the property to Helm. The deal was executed on November 22, 2024, highlighting active involvement in the West Village multifamily market.
Players
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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93