Howard J Siegel Acquires Mixed-use Property On 8 Avenue, West Village For $3.9M
41 Bank St, New York, NY 10014, USA
$8,612,500
$2,870/SF
Building Size
3,000 SF
Asset Type
Mixed-use
Closing
Aug 9, 2020
About this deal
AI
The property at 13 8 Avenue in the West Village, Manhattan has been sold in a closed transaction on October 28, 2021. The mixed-use property has a zoning designation of C1-6 and sits on a lot size of 500, with dimensions of 20 ft x 33 ft. The previous sale of the property took place on January 16, 2015, for a price of $4,000,000.
Summary of transaction details
- Property Type: Mixed-use
- Sale Price: $3,900,000
- Building Square Footage: 1,720
- Price per Building Square Foot: $2,267
- Total Square Footage: 1,656
- Price per Square Foot: $2,355
- Floor Area Ratio (FAR): 3.31
- Tax Class: 1
The buyer in this transaction is Howard J Siegel, while the seller is David Benjamin.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93