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31 West 9th Street, New Yor...

Updated Dec 21, 2023

Ari Heckman Acquires Mixed-Use Property In Greenwich Village, Manhattan For $4.9M
SOLDMixed-use

Ari Heckman Acquires Mixed-Use Property In Greenwich Village, Manhattan For $4.9M

31 West 9th Street, New York City, New York 10011, United States

$4,900,000

$1,265/SF

Building Size

3,873 SF

Asset Type

Mixed-use

Closing

Jan 4, 2022

About this deal

AI

A mixed-use property located at 31 West 9 Street in Greenwich Village, Manhattan has been sold in a recent transaction. The property, with a total square footage of 3,873, was sold for a price of $4,900,000. The building has a buildable square footage of 3,905, with a price per buildable square footage of $1,254. The price per square footage of the property is $1,265. The property has a floor area ratio (FAR) of 2.41 and is classified as tax class 2A. The lot size measures 1,607 square feet, with dimensions of 17.42 ft x 92.25 ft. The property has an alteration permit dated 02/01/2001.

Summary of Transaction Details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,900,000
  • Buildable Square Footage: 3,905
  • Price per Buildable Square Footage: $1,254
  • Total Square Footage: 3,873
  • Price per Square Footage: $1,265
  • Floor Area Ratio (FAR): 2.41
  • Tax Class: 2A
  • Lot Size: 1,607 sqft
  • Permit: Alteration 2 (02/01/2001)
  • Lot Dimension: 17.42 ft x 92.25 ft

The buyer of the property is Ari Heckman, while the seller is Ma Bella Aleana S. Hortaleza.

Players

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $1.3K per square foot on a published $4.9M for 3,873 square feet (2022).

Browse New York mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.24%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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