Northgate Real Estate Group Brokers Felix Ades And Greg Corbin Sell West Village Multifamily For $10.4M
$10,400,000
$911/SF
Building Size
11,405 SF
Asset Type
MultiFamily
Closing
May 12, 2026
AI
The asset involved in this transaction is a multifamily property located in the West Village market. It comprises 16 units and has a total square footage of 11,405. The sale was closed at a price of $10,400,000, resulting in a per unit price of $650,000 and a price per square foot of $911.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,400,000
- Units: 16
- Square Footage: 11,405
- Price Per Unit: $650,000
- Price Per Square Foot: $911
- Date of Sale: 5/13/2026
- Market: West Village
- Brokers: Felix Ades & Greg Corbin - Northgate Real Estate Group
Felix Ades and Greg Corbin from Northgate Real Estate Group represented the transaction. Northgate Real Estate Group's brokers have a substantial track record, having transacted over $4.3 billion in real estate. The firm specializes in distressed investment sales and workouts, emphasizing areas such as bankruptcies, foreclosures, UCC sales, restructuring, loan sales, and borrower/lender workouts.
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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93