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
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