Mixed-use Property At 86 University Place Sells For $8 Million In Greenwich Village
SOLD
$8,000,000
New York
See Similar DealsMixed-use8,528 SF
Sold 03/26/2025
SOLD
Mixed-use Property At 86 University Place Sells For $8 Million In Greenwich Village
86 University Place
See Similar DealsMixed-use8,528 SF
Sold 03/26/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$938
Total Square Footage:8,528 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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