David Melnick Acquires Mixed-Use Property At 21 Downing Street, West Village For $7.3M
21 Downing St, New York, NY 10014, USA
$7,300,000
$2,007/SF
Building Size
3,636 SF
Asset Type
Mixed-use
Closing
Mar 18, 2020
About this deal
AI
The mixed-use property located at 21 Downing Street in West Village has been sold in a closed transaction. The property spans a total of 3,636 square feet and consists of 3 units. The transaction took place on March 19, 2020.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $7,300,000
- Square Footage: 3,636
- Price Per Square Foot: $1,994
- Units: 3
- Market: West Village
The buyer of the property is David Melnick, while the seller is David Guimond.
The mixed use sale at 21 Downing St, New York, NY 10014, USA in New York, New York sold for $7.3M in 2020. Reported inventory is 3,636 square feet across 3 units, or about 2K per square foot. This page is the New York, New York file for the 21 Downing St, New York, NY 10014, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 21 Downing St, New York, NY 10014, USA around 2020. Published consideration for 21 Downing St, New York, NY 10014, USA is $7.3M, dated 2020. Cite this David Melnick Acquires Mixed-Use Property At 21 Downing Street, West Village For $7.3M sale when underwriting similar mixed use product around New York, New York.
Players
New York Mixed-use Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93