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227 Waverly Pl, New York, N...

ECA Advisors Acquires Mixed-Use Property On Waverly Place In West Village For $17.6M
SOLDMixed-use

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

Aaron Jungreis

Rosewood Realty Group

Broker

$4.3B

vol

205 deals

Broker

William Crable

Buyer

$37.1M

vol

3 deals

Buyer
Kenneth Fishel

Kenneth Fishel

Seller

$173.1M

vol

6 deals

Seller

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