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:
- Property Type: Multifamily
- Transaction Amount: $11,250,000
- Address: 84 University Place
- Market: Greenwich Village
- Buyer: Mark Guindi
- Seller: Charles Cheriff
- Brokers: Mitchell Levine & Joseph Moran - Avison Young
- SF: 15,120
- PPSF: $744
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
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