Jules Garcia Acquires 120-Year-Old West Village Townhouse For $7.5M
$7,452,021
$1,774/SF
Building Size
4,200 SF
Asset Type
MultiFamily
Closing
Jun 20, 2023
AI
Jules Garcia, representing the buyer through Waterview Advisory Group at Elegran | FGP, successfully secured the purchase of a 120-year-old townhouse in the historic district of West Village, New York City. The property, acquired from seller AJ Fein, boasts a charming private garden with a mature Japanese Maple tree. Spanning 4,200 square feet, the townhouse exudes a beach bungalow oasis ambiance on its top floor with a pitched roof and beach wood paneled ceiling. With a sale price of $7,452,021, this townhouse adds another prestigious property to Garcia's esteemed portfolio.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,452,021
- Square Footage: 4,200
- Seller: AJ Fein
- Buyer's Representative: Jules Garcia (https://www.linkedin.com/in/julesgarcianyc/) - Waterview Advisory Group at Elegran | FGP
- Seller's Representative: Quinn Hagstrand - The Corcoran Group
Garcia, known for his expertise in NYC townhouse transactions, outmaneuvered two competing offers to secure this coveted property. With its prime location in one of New York City's most desirable neighborhoods, the West Village, this townhouse offers a unique blend of historical charm and modern comforts. It is yet another testament to Garcia's exceptional negotiation skills and his ability to identify exceptional investment opportunities for his clients.
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
2.13%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93