Cushman & Wakefield Brokers Sell Mixed-Use Property In Greenwich Village For $17.1M
801 Greenwich St New York, NY 10014, USA
$17,100,000
$984/SF
Building Size
17,376 SF
Asset Type
Mixed-use
Closing
Jul 25, 2023
About this deal
AI
801-803 Greenwich Street, a mixed-use property located in the heart of Greenwich Village in New York City, has been sold for $17,100,000. The property consists of two adjacent buildings with a combined frontage of nearly 50 feet. Situated between West 12th and Jane Streets, these buildings offer a prime location in a highly desirable neighborhood.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $17,100,000
- SF: 17,376
- Price per Square Foot: $984
- Address: 801-803 Greenwich Street
- Market: New York City
Bobby Carrozzo, Robert Burton, and Michael Gembecki from Cushman & Wakefield represented the seller in this transaction. Derby Copeland Capital served as the lender for the deal. Cushman & Wakefield, a leading real estate firm, has successfully closed over $130M worth of transactions this year and has several more properties already under contract. For any inquiries about this sale or the current market conditions, please reach out to the Cushman & Wakefield team.
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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93