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Sale · MultiFamily

Updated Dec 4, 2024

Peter Napolitano Acquires MultiFamily Property In West Village, Manhattan For $5.5M
SOLDMultiFamily

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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Deal FAQ

About $1.9K per square foot on a published $5.5M for 2,896 square feet (2023).

Browse New York multifamily sales on Traded.

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

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