Carmine Limited Acquires Mixed-use Asset In West Village For $95M

A mixed-use property located at 1 Christopher Street in the West Village was recently sold in a closed transaction. The property consists of 138 units, with a total square footage of 102,354. The sale price was $95,000,000, resulting in a price per unit of $688,406 and a price per square foot of $928.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $95,000,000
• Units: 138
• Price per Unit: $688,406
• Square Footage: 102,354
• Price per Square Foot: $928
• Address: 1 Christopher Street, West Village

This off-market transaction was facilitated by the brokers Peter Von Der Ahe and Joe Koicim from New York Multifamily and Marcus & Millichap. The deal was completed in a record time of 9 days, with an all-cash transaction involving no banks. The property was purchased by Carmine Limited, a high net worth foreign family who still believes in the potential of NYC. Notably, this sale marked the first time this asset changed ownership, as it had been owned by the same family for three generations.

For more information on similar deals currently available, please visit https://newyorkmultifamily.com/on-market/.