Ofer Cohen Acquires Development Site In Greenwich Village For $4.5M
SOLD
$4,500,000
+ 1
New York
See Similar DealsDevelopment Site8,600 SF
Sold
SOLD
Ofer Cohen Acquires Development Site In Greenwich Village For $4.5M
163 Bleecker Street, New York, NY 10012
See Similar DealsDevelopment Site8,600 SF
Sold
+ 1
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$523
Total Square Footage:8,600 SF
Transaction Type:Sale
A development site located at 163 Bleecker Street in Greenwich Village has been sold for $4,500,000. The property, with a total square footage of 8,600, offers potential for development. The price per buildable square foot (PPBSF) is approximately $523. The transaction took place on December 14, 2021.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $4,500,000
- Address: 163 Bleecker Street
- Market: Greenwich Village
Ofer Cohen was the buyer of the property, while Robert S. Aaron and Matt Fotis, representing Marcus & Millichap, acted as the buyer's representatives. On the other hand, John J. Stewart and Joshua Bluestein, also from Marcus & Millichap, served as the seller's representatives in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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