Red Door Community Sells Office Asset At 195 West Houston Street For $6.1M
195 West Houston Street
$6,100,000
$659/SF
Building Size
9,250 SF
Asset Type
Office
Closing
Jan 29, 2025
AI
The property involved in this transaction is an office asset located at 195 West Houston Street in the West Village market. The sale price of the property was $6,100,000, encompassing a total square footage of 9,250 and a price per square foot of $659.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,100,000
- Address: 195 West Houston Street
- Market: West Village
- Square Footage: 9,250
- Price Per Square Foot: $659
- Seller: Red Door Community
- Seller's Representatives: Brock Emmetsberger & Jameson Hill - Matthews Real Estate Investment Services; Paul Massey - B6 Real Estate Advisors
The transaction was facilitated by a team of representatives, including Brock Emmetsberger and Jameson Hill from Matthews Real Estate Investment Services, alongside Paul Massey from B6 Real Estate Advisors, who collectively represented the seller, Red Door Community, in the deal.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93