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
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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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