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Derby Copeland Capital Purchases Mixed-use Building From Azapian Family For $7.23M In Greenwich Village

Property Image
SOLD
$7,225,000
Justin Zeitchik
Adam Lobel
+ 2

New York

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Mixed-use6,072 SF
Sold
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Property Image
SOLD

Derby Copeland Capital Purchases Mixed-use Building From Azapian Family For $7.23M In Greenwich Village

24 Greenwich Avenue

See Similar Deals
Mixed-use6,072 SF
Sold
Justin Zeitchik
Adam Lobel
+ 2
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1189
Total Square Footage:6072 SF
Transaction Type:Sale

The property asset involved in the transaction is a mixed-use building located at 24 Greenwich Avenue in the Greenwich Village market. The asset consists of 3 apartments and 1 store, encompassing a total of 6,072 square feet. The transaction took place at a sale price of $7,225,500, resulting in a price per unit of $1,806,375 and a price per square foot of $1,190.

Summary of transaction details:

The deal involved key representatives from Investment Property Realty Group (IPRG). Zachary Ziskin, Adam Lobel, Justin Zeitchik, Christian Ingenito, and Morgan Rosberg facilitated the transaction, representing the interests of the buyer and seller throughout the process.

Players

Adam Lobel
134 deals$576.1M volume(718) 360-8815
BROKER

Justin Zeitchik
Investment Property Realty Group (IPRG)
48 deals$248.3M volume(718) 360-8827
BROKER

Zachary Ziskin
Investment Property Realty Group (IPRG)
36 deals$196.8M volume(646) 872-0121
BROKER

Christian Ingenito
Investment Property Realty Group (IPRG)
6 deals$24.5M volume(718) 416-6132
BROKER

Morgan Rosberg
Investment Property Realty Group (IPRG)
1 deal$7.2M volume(718) 416-6138
BROKER

Investment Property Realty Group (IPRG)
BROKERAGE

Details

SOLD
IMAGE: Zachary Ziskin, Adam Lobel, Justin Zeitchik & Morgan Rosberg DATE: 9/25/2025 ADDRESS: 24 Greenwich Avenue MARKET: Greenwich Village ASSET TYPE: Mixed-use (3 Apts & 1 Store) BUYER: Derby Copeland Capital SELLER: Azapian Family BROKERS: Zachary Ziskin (@Zacharyz_IPRG), Adam Lobel (@AdamLobelRealEstate), Justin Zeitchik, Christian Ingenito & Morgan Rosberg - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $7,225,500 UNITS: 4 ~ PPU: $1,806,375 SF: 6,072 ~ PPSF: $1,190

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$385,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,668.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,250.19
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