Updated Oct 12, 2026
Stephen Glascock Of Anbau Inc. Acquires Multifamily Property In Greenwich Village For $7M
127 West 12th Street
Building Size
4,299 SF
Asset Type
MultiFamily
Closing
May 18, 2026
About this deal
AI
A seven-unit walkup building located at 127 West 12th Street in Greenwich Village, Manhattan, has been sold for $7 million. The property features a total square footage of 4,299 and falls under the MultiFamily asset type, indicating residential use.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7 million
- Square Footage: 4,299
- Units: 7
- Address: 127 West 12th Street
- Market: Greenwich Village, Manhattan
Stephen Glascock represented Anbau, Inc., the buyer of the property, through the entity 127 W 12th Owner LLC. The acquisition aims for cash-flowing residential use.
On the Map
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93