Ofer Cohen Acquires Development Site In Greenwich Village For $4.5M
163 Bleecker Street, New York, NY 10012
$4,500,000
$523/SF
Building Size
8,600 SF
Asset Type
Development Site
Closing
Dec 14, 2021
AI
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.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93