Willowick Properties Acquires Mixed-Use Property In Greenwich Village For $22.9M

The property located at 140 & 142 West 4th Street is a mixed-use asset situated in the Greenwich Village market. The transaction was finalized on 12/21/2020 for a total price of $22,875,000. It consists of 47 units with a price per unit of $476,563. The total square footage of the property is 33,372, resulting in a price per square foot of $685. The capitalization rate for this deal is 3.5%.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $22,875,000
• Buyer: Steven Gautier-Winther - Willowick Properties
• Seller: Rudd Realty - Josh Greenberg & Frederick J. Rudd
• Broker: Eleas Mathios - Arch Equities
• Units: 47
• Price Per Unit: $476,563
• Square Footage: 33,372
• Price Per Square Foot: $685
• Capitalization Rate: 3.5%

This transaction involved key individuals including the buyer, Steven Gautier-Winther, representing Willowick Properties, and the sellers, Josh Greenberg and Frederick J. Rudd from Rudd Realty. The brokerage for this deal was managed by Eleas Mathios from Arch Equities, highlighting the involvement of multiple stakeholders in this transaction process.