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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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