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T30 Capital Acquires Greenwich Village Development Site For $10M

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SOLD
$10,000,000

New York

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Development Site
Sold 10/19/2023
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SOLD

T30 Capital Acquires Greenwich Village Development Site For $10M

44 West 8th Street

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Development Site
Sold 10/19/2023
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Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Sale

A Greenwich Village storefront located at 44 West 8th Street in Manhattan has been sold in a portfolio transaction. The development site was purchased by T30 Capital for $10 million from the Grundwerg Family. The property is a development site in Greenwich Village, Manhattan.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $10,000,000
  • Address: 44 West 8th Street
  • Market: Greenwich Village, Manhattan

Representing the seller in the transaction were Clint Olsen, Hall Oster, and Stephen Godnick from JLL. T30 Capital was represented by Margaret Grossman, who is one of their brokers. The transaction between the Grundwerg Family and T30 Capital was facilitated by these key individuals.

Note: This portfolio sale of the Greenwich Village storefront at 44 West 8th Street was completed with JLL brokers Clint Olsen, Hall Oster, and Stephen Godnick representing the seller, and T30 Capital purchasing the property for $10 million.

Players

Clint Olsen
22 deals$702.9M volume
BROKER

Hall Oster
JLL
88 deals$2.1B volume
BROKER

Stephen Godnick
JLL
10 deals$215.9M volume
BROKER

T30 Capital
BUYER


Details

SOLD
IMAGE: Clint Olsen, Hall Oster, Margaret Grossman & Stephen Godnick DATE: 10/19/2023 ADDRESS: 44 West 8th Street MARKET: Greenwich Village, Manhattan ASSET TYPE: Development Site BUYER: Margaret Grossman - T30 Capital SELLER: Grundwerg Family BROKERS: Clint Olsen, Hall Oster & Stephen Godnick (@SGodnick217) - JLL (@JLL) SALE PRICE: $10,000,000 NOTE: A Greenwich Village storefront at 44 W. Eighth St., Manhattan, has changed ownership in a portfolio sale. The Grundwerg family sold the development site to T30 Capital for $10 million, with JLL's Clint Olsen, Hall Oster, and Stephen Godnick representing the seller in the transaction.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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