Bridge Investment Group Acquires Retail Condo On Downing Street In West Village For $18.1M
63 Downing Street, Manhattan, New York, NY, USA
$18,100,000
$1,588/SF
Building Size
11,398 SF
Asset Type
Mixed-use
Closing
Jun 28, 2021
About this deal
AI
A retail condo located at 63 Downing Street in West Village has been sold in a recent transaction. The property encompasses a total area of 11,398 square feet. The sale price for the retail condo was $18,100,000, resulting in a price per square foot of $1,585.
Summary of transaction details:
- Property Type: Retail Condo
- Transaction Amount: $18,100,000
- Size: 11,398 square feet
- Address: 63 Downing Street
- Market: West Village
The buyer in this transaction was Bridge Investment Group, while the seller was Shimshon Klugman.
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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93