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

Property Image
SOLD
$22,875,000
Josh Greenberg
+ 1

New York

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Mixed-use33,372 SF
Sold 12/21/2020
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Property Image
SOLD

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

140 West 4th Street, Manhattan, New York, NY, USA

See Similar Deals
Mixed-use33,372 SF
Sold 12/21/2020
Josh Greenberg
+ 1
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$685
Total Square Footage:33,372 SF
Transaction Type:Sale

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.

Players

1 deal$22.9M volume
BROKER


Fred Rudd
6 deals$79.5M volume
BROKER

9 deals$128.5M volume
BUYER

Josh Greenberg
5 deals$63.5M volume
SELLER

Fred Rudd
6 deals$79.5M volume
SELLER

Details

SOLD
IMAGE: Frederick J. Rudd & Josh Greenberg DATE: 12/21/2020 ADDRESS: 140 & 142 West 4th Street MARKET: Greenwich Village ASSET TYPE: Mixed-use BUYER: Steven Gautier-Winther - Willowick Properties SELLER: Rudd Realty - Josh Greenberg (@JoshGreenberg1) & Frederick J. Rudd BROKER: Eleas Mathios - Arch Equities PRICE: $22,875,000 UNITS: 47 ~ PPU: $476,563 SF: 33,372 ~ PPSF: $685 CAP: 3.5%

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$81,270.05
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