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137 West 14th Street, New Y...

Penn South Capital Acquires Mixed-use Property In Greenwich Village For $4.3M
SOLDMixed-use

Penn South Capital Acquires Mixed-use Property In Greenwich Village For $4.3M

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

$4,300,000

$616/SF

Building Size

6,981 SF

Asset Type

Mixed-use

Closing

Jun 7, 2022

AI

The mixed-use property located at 137 West 14th Street in Greenwich Village has been sold for a price of $4,300,000. The property spans 6,981 square feet, resulting in a price per square foot of $615. The sale took place on 06/08/2022.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,300,000
  • Address: 137 West 14th Street
  • Market: Greenwich Village

Penn South Capital, represented by Parag Sawhney and Raymond Chera, purchased the property from the Gutierrez Family. The deal was facilitated by several brokers from the Meridian Capital Group, including David Schechtman, Shallini Mehra, Amit Doshi, Abie Kassin, and Brian Gladstone.

Players

Abie Kassin

Meridian Capital Group

Broker

$1.6B

vol

52 deals

Broker
Parag Sawhney

Parag Sawhney

Penn South Capital

Buyer

$175.5M

vol

23 deals

Buyer

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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93