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102 West 14th Street, New Y...

Eldad Blaustein Purchases Mixed-Use Property In Greenwich Village For $46M
SOLDMixed-use

Eldad Blaustein Purchases Mixed-Use Property In Greenwich Village For $46M

102 West 14th Street, New York City, New York 10011, United States

$46,000,000

$1,120/SF

Building Size

41,068 SF

Asset Type

Mixed-use

Closing

Dec 14, 2021

AI

The mixed-use property located at 102 & 104 West 14th Street and 519, 523, 525 & 527 Avenue of the Americas in Greenwich Village, Manhattan has been sold in a recent transaction. The property is situated in a prime location and is zoned as C6-2A and C6-3A.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $46,000,000
  • Market: Greenwich Village, Manhattan

The buyer in this transaction is Eldad Blaustein, while the seller is Andrew J Duell. The property was sold for a price of $46,000,000, with a building square footage (BSF) of 90,004 and a price per BSF (PPBSF) of $511. The total area of the property is 41,068 square feet, and the price per square foot (PPSF) is $1,120.

The property has a floor area ratio (FAR) of 4.44 and falls under tax class 4. The lot size is 4,670 square feet, and the previous sale price was $0 on March 15, 2000. The dimensions of the lot are 43.67 feet by 106.5 feet.

Players

Eldad Blaustein

Buyer

$84.1M

vol

3 deals

Buyer

Andrew Duell

Seller

$52.8M

vol

2 deals

Seller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93