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215 West 10th Street, New Y...

Debra Kalimian Acquires Commercial Property In West Village, Manhattan For $16.5M
SOLDCommercial

Debra Kalimian Acquires Commercial Property In West Village, Manhattan For $16.5M

215 West 10th Street, New York City, New York 10014, United States

$16,500,000

$801/SF

Building Size

20,578 SF

Asset Type

Commercial

Closing

Apr 28, 2022

AI

The commercial property at 215 West 10th Street in the West Village, Manhattan has been sold for $16,500,000. The property has a lot size of 4,314 square feet and a building square footage of 20,578. The price per square foot (PPSF) is $801, and the building has a total of 14,840 square feet of buildable space (BSF) with a price per buildable square foot (PPBSF) of $1,111. The property is zoned as C1-6, allowing for commercial use. The sale took place on April 29, 2022.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $16,500,000
  • Lot Size: 4,314 square feet
  • Building Square Footage: 20,578 square feet
  • Price Per Square Foot (PPSF): $801
  • Buildable Square Footage (BSF): 14,840 square feet
  • Price Per Buildable Square Foot (PPBSF): $1,111
  • Zoning: C1-6

The buyer of the property is Debra Kalimian, and the seller is Rita Kalimian Sakhaie.

Note: Permits were issued for an alteration on December 2, 2020 for this property.

This transaction represents a significant deal involving the purchase of a commercial property in the desirable West Village area of Manhattan. The buyer, Debra Kalimian, and the seller, Rita Kalimian Sakhaie, played key roles in the successful completion of the deal. The property's location, size, and zoning make it an attractive investment opportunity in the vibrant West Village market.

Players

Albert Kalimian

Broker

$760.5M

vol

13 deals

Broker

Rita Kalimian Sakhaie

Seller

$120.9M

vol

5 deals

Seller

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.96%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93