Updated Dec 4, 2024
Peter Napolitano Acquires MultiFamily Property In West Village, Manhattan For $5.5M
$5,500,000
$1,899/SF
Building Size
2,896 SF
Asset Type
MultiFamily
Closing
Nov 8, 2023
About this deal
AI
Peter Napolitano has acquired a multifamily property located at 94 Bank Street in the West Village, Manhattan. The property was sold by William Stephen Childress for a total price of $5,500,000. The asset spans a total area of 2,896 square feet, resulting in a price per square foot of $1,899.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $5,500,000
- Square Footage: 2,896
- Price per Square Foot: $1,899
- Address: 94 Bank Street, West Village, Manhattan
- Buyer: Peter Napolitano
- Seller: William Stephen Childress
In this transaction, the buyer, Peter Napolitano, successfully acquired the multifamily property from the seller, William Stephen Childress. The sale reflects the market value of $5,500,000 for the property. The deal involved the transfer of an asset measuring 2,896 square feet, with each square foot valued at $1,899.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93