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275 Bleecker Street

Avison Young And RPS Capital Management Sell Mixed-Use Property In West Village, Manhattan For $9.275M
SOLDMixed-use

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

David Shalom

Avison Young

Broker

$552.8M

vol

38 deals

Broker

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