Noel Blair Acquires Mixed-Use Property In West Village, Manhattan For $11.8M
54 7th Avenue South, New York City, New York 10014, United States
$11,800,000
$2,219/SF
Building Size
5,316 SF
Asset Type
Mixed-use
Closing
Mar 2, 2022
About this deal
AI
A mixed-use property located at 54 Seventh Avenue South in the West Village neighborhood of Manhattan has been sold for $11,800,000. The property has a total building size of 5,316 square feet, with a price per square foot of $2,219. The buyer of the property is Noel Blair, while the seller is Robert Stern. The transaction took place on March 3, 2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $11,800,000
- Market: West Village, Manhattan
- Zoning: C2-6
- Building Square Footage (BSF): 11,799
- Price per BSF: $1,000
- Lot Size: 3,430 square feet
- Lot Dimension: 34 ft x 103.25 ft
- Far: 1.55
- Tax Class: 1
- Permits: Alteration 2 (12/22/1994)
Notable details of the deal include the buyer, Noel Blair, and the seller, Robert Stern. Both parties were represented by their respective brokers in the transaction.
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
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93