Sean Lefkovits, Lance Lefkovits, And David Lloyd Of Davean Holdings Sell Mixed-Use Property For $7.1M In Greenwich Village
231 Sullivan Street
$7,100,000
$1,441/SF
Building Size
4,924 SF
Asset Type
Mixed-use
Closing
Mar 19, 2026
About this deal
AI
The property asset involved in the transaction is a mixed-use building located at 231 Sullivan Street in the Greenwich Village market. The sale price was $7,100,000, and the asset spans 4,924 square feet, equating to a price per square foot of approximately $1,441.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,100,000
- Address: 231 Sullivan Street
- Market: Greenwich Village
- Square Footage: 4,924
- Price per Square Foot: $1,441
- Seller: Sean Lefkovits, Lance Lefkovits, & David Lloyd - Davean Holdings
- Seller's Representative: Brandon Polakoff & Ryan McGuirl - Avison Young
- Buyer's Representative: Dylan Torey - Marcus & Millichap
- Previous Purchase Price: $2,880,000 in 2021
The deal's key individuals include the sellers Sean Lefkovits, Lance Lefkovits, and David Lloyd, representing Davean Holdings. The transaction was facilitated by brokers Brandon Polakoff and Ryan McGuirl from Avison Young on behalf of the sellers, while Dylan Torey from Marcus & Millichap represented the buyer.
On the Map
$7,100,000
$1,441/SF
Mixed-use
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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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93