Alf Naman Acquires Commercial Property In West Village, Manhattan For $64.2M

The commercial property located at 738 Greenwich Street in the West Village, Manhattan has been sold in a recent transaction. The sale took place on May 13, 2022, and the property is zoned as C1-6A. The property spans a total of 39,600 square feet, with a price per square foot of $1,621. The total sale price amounted to $64,200,000, reflecting a price per building square foot of $1,605. The building has a floor area ratio (FAR) of 3.96 and falls under tax class 4. The lot size is 10,000 square feet, with dimensions of 76 feet by 92 feet. The property was previously subject to an alteration permit on November 19, 2003.

Summary of transaction details

• Property Type: Commercial
• Sale Price: $64,200,000
• Address: 738 Greenwich Street, West Village, Manhattan
• Market: West Village, Manhattan
• Buyer: Alf Naman
• Seller: Michael W. Stout

The buyer of the property is Alf Naman, while Michael W. Stout acted as the seller. The property transaction involved a commercial asset situated in the vibrant market of West Village, Manhattan. The sale price of $64,200,000 reflects the value of the property, which spans a total of 39,600 square feet. The transaction was completed on May 13, 2022. It is worth mentioning that the property has a floor area ratio (FAR) of 3.96 and falls under tax class 4. Additionally, an alteration permit was issued for the property on November 19, 2003.