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84 University Place

Mark Guindi Acquires Multifamily In Greenwich Village For $11.25M
SOLDMultiFamily

Mark Guindi Acquires Multifamily In Greenwich Village For $11.25M

84 University Place

$11,250,000

$744/SF

Building Size

15,120 SF

Asset Type

MultiFamily

Closing

Jul 9, 2024

AI

The multifamily property located at 84 University Place in Greenwich Village was successfully transacted for $11,250,000. Spanning 15,120 square feet, the property was sold at a price per square foot of $744. The deal involved Mark Guindi as the buyer and Charles Cheriff as the seller.

Summary of transaction details:

The transaction was facilitated by brokers Mitchell Levine and Joseph Moran from Avison Young, who played a pivotal role in ensuring the successful sale of the multifamily property. Each party involved contributed to the seamless completion of the deal, highlighting the expertise and professionalism prevalent in the real estate industry.

Players

Mitchell Levine

Avison Young

Broker

$288M

vol

26 deals

Broker

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

1.41%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93