Peter Batten Acquires 160 Leroy Street Condo In West Village For $25.7M
160 Leroy Street, New York City, New York 10014, United States
$25,695,000
Building Size
—
Asset Type
—
Closing
Dec 8, 2021
About this deal
AI
Located at 160 Leroy Street in the West Village neighborhood of Manhattan, this recently closed condo transaction stands out for its impressive features and notable parties involved. The property, zoned as M1-5, offers a desirable living space in one of New York City's most sought-after areas.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $25,695,000
- Address: 160 Leroy Street, West Village, Manhattan
- Zoning: M1-5
Peter Batten, acting as the buyer, acquired the property from Barry Landsman as the seller. This significant deal demonstrates the confidence both parties had in the asset's potential and market value.
With a floor area ratio (FAR) of 4.59 and tax class 2, the property offers ample space and potential for future development or customization. The lot size spans approximately 28,275 square feet, providing a generous area for residents to enjoy. Notably, the previous sale of the property occurred on October 8, 2018, at a price of $20,120,000.
The lot dimension of the property measures approximately 176 feet by 200 feet, ensuring a substantial footprint for the condo. Such characteristics contribute to the overall appeal and value of the asset, making it an enticing investment opportunity in the vibrant West Village neighborhood.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93