Mixed-use Property At 86 University Place Sells For $8 Million In Greenwich Village
86 University Place
$8,000,000
$938/SF
Building Size
8,528 SF
Asset Type
Mixed-use
Closing
Mar 26, 2025
AI
The property asset involved in the transaction is a mixed-use building located at 86 University Place in the Greenwich Village market. It was sold for a price of $8,000,000 and has a total square footage of 8,528, which translates to a price per square foot of $938.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,000,000
- Square Footage: 8,528
- Price per Square Foot: $938
- Address: 86 University Place
- Market: Greenwich Village
The deal was brokered by Mitchell Levine from Avison Young, representing the parties involved 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93