Tegi & Bruce Macgregor Sell Mixed-Use Property On 357 Bleecker Street In West Village For $5.67M
357 Bleecker Street, New York, NY 10014, USA
$5,670,000
$2,122/SF
Building Size
2,672 SF
Asset Type
Mixed-use
Closing
Apr 15, 2021
About this deal
AI
A mixed-use property located at 357 Bleecker Street in the West Village has been sold in a recent transaction. The property, measuring 2,672 square feet, was sold for a price of $5,670,000, resulting in a price per square foot of $2,122. The transaction took place on April 16, 2021, with the buyer's identity remaining undisclosed. The sellers of the property were Tegi & Bruce Macgregor.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,670,000
- Address: 357 Bleecker Street
- Market: West Village
Riyadh Almehdi, David Shalom, and James Nelson from Avison Young TriState represented the sellers, Tegi & Bruce Macgregor, in the transaction. The property was listed with an asking price of $6,000,000. The deal was finalized with a sale price of $5,670,000, reflecting the successful negotiation by the sellers' representatives.
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
2.80%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93