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250 Mercer Street, New York...

James Meehan Acquires Co-op In Greenwich Village For $2.075M
SOLDOther

James Meehan Acquires Co-op In Greenwich Village For $2.075M

250 Mercer Street, New York City, New York 10012, United States

$2,075,000

$1,729/SF

Building Size

1,200 SF

Asset Type

Other

Closing

Jun 20, 2022

AI

The co-op located at 250 Mercer St. in Greenwich Village, Manhattan was recently sold in a transaction that closed on 06/21/2022. The sale was facilitated by Adam Hakimian, a representative from REAL New York, who represented the buyer James Meehan. The seller, Dennis Rocheleau, was represented by Zachary Scott. The sale price for the property was $2,075,000, with a total square footage of 1,200. The price per square foot came out to be $1,729.

Summary of transaction details

  • Property Type: Co-op
  • Transaction Amount: $2,075,000
  • Address: 250 Mercer St.
  • Market: Greenwich Village, Manhattan
  • Buyer: James Meehan
  • Seller: Dennis Rocheleau
  • Buyer's Representative: Adam Hakimian - REAL New York
  • Seller's Representative: Zachary Scott
  • Square Footage: 1,200
  • Price per Square Foot: $1,729

This transaction showcases the successful collaboration between the buyer's representative, Adam Hakimian from REAL New York, and the seller's representative, Zachary Scott. Both parties worked diligently to negotiate the sale of this co-op at 250 Mercer St. in Greenwich Village, Manhattan. The sale price of $2,075,000 reflects a market value of $1,729 per square foot for the 1,200 square foot property.

Players

Adam Hakimian

Real New York

Broker

$30.6M

vol

9 deals

Broker

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.64%

Cash-on-Cash

-2.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93