Avison Young And RPS Capital Management Sell Mixed-Use Property In West Village, Manhattan For $9.275M
275 Bleecker Street
$9,275,000
$2,052/SF
Building Size
4,519 SF
Asset Type
Mixed-use
Closing
Nov 17, 2023
AI
Located at 275 Bleecker Street in the West Village neighborhood of Manhattan, this mixed-use property has recently been sold in a closed transaction. The deal was facilitated by brokers David Shalom and Edward Nelson from Avison Young, along with Robert P. Sharfstein of RPS Capital Management. The property spans 4,519 square feet and was sold for a total price of $9,275,000, resulting in a price per square foot of $2,052.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $9,275,000
- Address: 275 Bleecker Street
- Market: West Village, Manhattan
- Brokers: David Shalom and Edward Nelson - Avison Young; Robert P. Sharfstein - RPS Capital Management
- Square Footage: 4,519
- Price per Square Foot: $2,052
David Shalom and Edward Nelson from Avison Young, together with Robert P. Sharfstein of RPS Capital Management, played instrumental roles in this transaction. Their expertise and representation ensured a successful deal for the parties involved.
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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93