Neil Bender Acquires Mixed-Use Property In West Village, Manhattan For $6.05M
391 West Street, New York City, New York 10014, United States
$6,050,000
$1,484/SF
Building Size
4,075 SF
Asset Type
Mixed-use
Closing
Feb 15, 2022
AI
The property at 391 West Street, located in the West Village neighborhood of Manhattan, was recently sold in a mixed-use transaction. The asset has a total square footage of 4,075, with a price per square foot of $1,484. The buyer, Neil Bender, purchased the property from seller Wendy Doremus for a total price of $6,050,000. The building has a buildable square footage of 3,260, with a price per buildable square foot of $1,855. The lot size is 815, and the tax class is 2A. The property is zoned as C1-6A with a FAR of 5.00. The lot has a dimension of 28.25 ft x 28.83 ft. The property has a permit for a sign, issued on 11/21/2000.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $6,050,000
- Market: West Village, Manhattan
- Buyer: Neil Bender
- Seller: Wendy Doremus
Neil Bender, represented by his broker, successfully acquired the property at 391 West Street in the West Village neighborhood. On the other hand, Wendy Doremus, represented by her broker, sold the property to Neil Bender. The sale took place on 02/16/2022. The property's lot size is 815, and it has a permit for a sign that was issued on 11/21/2000. The building's lot dimension is 28.25 ft x 28.83 ft. It is worth noting that the property has a zoning classification of C1-6A, with a FAR of 5.00. The tax class for the property is 2A.
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
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93