Updated Jul 30, 2025
T30 Capital Acquires Greenwich Village Development Site For $10M
44 West 8th Street
$10,000,000
Building Size
—
Asset Type
Development Site
Closing
Oct 19, 2023
About this deal
AI
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.
On the Map
$10,000,000
Development Site
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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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93