Abraham Lipschitz Acquires Condo At 63 Downing Street In Greenwich Village, Manhattan For $13M
63 Downing Street, New York City, New York 10014, United States
$13,000,000
$1,140/SF
Building Size
11,398 SF
Asset Type
—
Closing
Jul 27, 2022
About this deal
AI
A condo located at 63 Downing Street in Greenwich Village, Manhattan has been sold in a closed transaction. The property, spanning 11,398 square feet, was purchased by Abraham Lipschitz from the seller, Jeehae Lee, for a price of $13,000,000. The condo has a price per square foot of $1,140. It is situated on a lot size of 11,257 square feet with dimensions measuring 51 feet by 58 feet. The previous sale of the property was recorded on June 17, 2021, with a sale price of $18,073,125. The tax class of the property is 4.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $13,000,000
- Property Address: 63 Downing Street, Greenwich Village, Manhattan
- Square Footage: 11,398
- Price per Square Foot: $1,140
- Buyer: Abraham Lipschitz
- Seller: Jeehae Lee
- Lot Size: 11,257 square feet
- Last Sale Price: $18,073,125 (06/17/2021)
- Lot Dimension: 51 ft x 58 ft
This closed transaction was facilitated by Abraham Lipschitz's representative and Jeehae Lee's representative. The buyer, Abraham Lipschitz, successfully acquired the condo from the seller, Jeehae Lee, in an agreement reached on July 28, 2022.
Players
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About $1.1K per square foot on a published $13M for 11,398 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93