Langhorne S. Perrow Acquires Condo In Greenwich Village For $11.25M
155 West 11th Street, Manhattan, New York, NY, USA
$11,250,000
$4,902/SF
Building Size
2,295 SF
Asset Type
—
Closing
Sep 9, 2021
AI
The property involved in the transaction is a condominium located at 155 West 11 Street in Greenwich Village. The asset spans 2,295 square feet and is zoned for residential (R8) and commercial (C6-2) use. The transaction took place on September 10, 2021, with a sale price of $11,250,000. The price per square foot is $4,901. The property has a floor area ratio (FAR) of 5.75 and falls under tax class 2. The lot size is 92,925 square feet. The last recorded sale of the property was on June 6, 2017, for $12,797,206.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $11,250,000
- Buyer: Langhorne S. Perrow
- Seller: Kelly Ann Stanard
- Broker: Deborah Kern - Corcoran
Langhorne S. Perrow purchased the property from Kelly Ann Stanard. The deal was facilitated by Deborah Kern from Corcoran.
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93