Steven Ostad Acquires Mixed-Use Property In Greenwich Village For $11M
36 West 11th Street, Manhattan, New York, NY, USA
Building Size
4,786 SF
Asset Type
Mixed-use
Closing
Oct 8, 2021
About this deal
AI
A mixed-use property located at 36 West 11 Street in Greenwich Village, Manhattan has been sold. The property, which falls under R6 zoning, was sold on October 8, 2021. The transaction involved the transfer of ownership from seller Christopher H Bartle to buyer Steven Ostad.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $11,000,000
- Address: 36 West 11 Street, Greenwich Village, Manhattan
- Market: Greenwich Village, Manhattan
- Zoning: R6
Steven Ostad acted as the buyer in this deal, while Christopher H Bartle was the seller. The property was purchased for a price of $11,000,000. The building size was reported at 4,991 square feet, with a price per square foot (PPSF) of $2,203. The total square footage of the lot was 4,786, with a price per square foot (PPSF) of $2,298.
The property has a floor area ratio (FAR) of 2.33 and is classified under tax class 2B. The lot size measures 2,054 square feet, with dimensions of 21.67 ft x 94.75 ft. An alteration permit was issued on April 17, 1996.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93