Douglas Elliman Represents Both Buyer And Seller In $10M Sale Of Mixed-Use Property On Bleecker Street
287 Bleecker Street, Manhattan, New York, NY, USA
$10,000,000
$1,194/SF
Building Size
8,372 SF
Asset Type
Mixed-use
Closing
May 28, 2020
AI
A mixed-use property located at 287 Bleecker Street in Greenwich Village has been sold in a recent transaction. The property consists of 9 units, with 8 residential units and 1 retail unit. The sale was completed on 05/28/2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,000,000
- Address: 287 Bleecker Street
- Market: Greenwich Village
- Units: 9 (8 Residential, 1 Retail)
The seller of the property is Steven Schnall, Howard Lev, and Teresa Sorkin, while the buyer's identity is undisclosed. Both the buyer and seller were represented by Tom Brady, a broker from Douglas Elliman. The retail tenant in the property is Brompton USA.
The property spans across 8,372 square feet, with a price per square foot of $1,194. The previous sale of the property took place in August 2015, with a sale price of $9,000,000.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93