ECA Advisors Acquires Mixed-Use Property On Waverly Place In West Village For $17.6M
227 Waverly Pl, New York, NY 10014, USA
$17,600,000
$1,164/SF
Building Size
15,117 SF
Asset Type
Mixed-use
Closing
Jun 26, 2019
AI
The mixed-use property located at 227 Waverly Place in the West Village has been sold in a closed transaction. The property spans an impressive 15,117 square feet and was sold at a sale price of $17,600,000. With an asking price of $19,000,000, this transaction demonstrates a slight discount in the final sale price. The price per square foot is approximately $1,164.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $17,600,000
- Address: 227 Waverly Place
- Market: West Village
- Square footage: 15,117
- Asking Price: $19,000,000
- Price per square foot: $1,164
The seller of the property, Kenneth & Bradley Fishel, were represented by Aaron Jungreis. On the buyer's side, ECA Advisors, represented by William Crable, acquired the property. Ben Khakshoor served as the buyer's representative in the deal.
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
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93